CrowD_Inv

BG Breaks Long-Term BEAR TL

Long
NYSE:BG   Bunge Limited
We have a 3rd Eliott Wave completed with RSI on Over Bought.

MACD is getting horizontal.

I think it will throwback to confirm the break over the TL, it will let the price breath for a while to take another impulse and complete the cycle.

We can expect the throwback right on TL what coincides with 0.618 of 3rd impulse and 1 of all the swing.

5t wave objective on 1.618 of 3rd wave.

Will see.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.