Wave Analysis 25.09.2014 (DJIA Index, Crude Oil)

September 25, 2014

Article By RoboForex.com

Analysis for September 25th, 2014

DJIA Index

Probably, the price may have completed diagonal triangle pattern inside wave [5] of 5. The DJIA Index rebounded from the pattern’s upper border and, apparently, formed an initial descending impulse inside wave [1]. In the near term, the price is expected to resume falling.

Crude Oil

Possibly, Oil has formed horizontal triangle inside wave [4] of 3. If the price rebounds from the pattern’s upper border during the day, the market may start falling inside the fifth wave and break the minimum.

RoboForex Analytical Department

Article By RoboForex.com

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