The beautiful Christ the Redeemer is placed high above Rio .
Raging high is also the price of EWZ which is stretched more than 30 % above its 200 DMA.
It has reached 1.618 of its previous intermediate top and it is due for an intermediate cycle low correction soon.
It has met a big and its indicates heavily overbought conditions.
Wait for "double top" and take position in BRZS which is 3x inverse EWZ . Recommend start with 50% position and increase by 50% after first confirmation.
Position can be taken in BZQ instead which is 2X inverse EWZ
Therefore, always wait for price confirmation before entering!
I added 25 % position @ close today.
I will add another 25 % position @ 39 and another 50 % @ 40.
If we dont get to 40, I add 50 % when confirmed swing high.
I added today @ the close as we closed beneath the black resistance zone.
If you go now, u can still pick up some shares in the aftermarket.
It is a LONG way down to that 200 MA.
Stock markets have confirmed ICL decline. So will this one in a couple of days.
This trade will lead to insane profits.