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bmftraderpro
Mar 14, 2024 11:13 AM

EWZ May Fall Down to 30.75 - 30.45 in the Medium Term Short

iShares Inc iShares MSCI Brazil ETFArca

Description

After breaking bellow a bearish flag-like consolidation, EWZ reached the contracted objective point at 32.00 in an agreement support zone. Market is now testing the broken line from the downside in a pull back movement. If the broken line can hold the market, EWZ tends to reach the next target in the objective point area at 30.75 - 30.45, which is also an agreement support.
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