IBOV exactly touched de 0.618 fibonacci target for wave (B) and turned down. The rally has a counter-trend profile divided in 3 waves as is expected from B waves. It is very probable that we are now going to see wave C down that should lead the index to levels below the previous wave A low. if the index crosses up 100,000, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
Trade active:
Trade following the predicted trend invertion and path
Comment:
see updated post