The rise of the Index IBOVESPA may come to the end soon, please look at the 2hr bearish wedge, the index will drop when there is no more squeeze. Target: 99900.
Wiki: The Bovespa Index (Portuguese: Índice Bovespa) best known as Ibovespa is the benchmark index of about 60 stocks that are traded on the B3 (Brasil Bolsa Balcão).