IBOV idea for the next months. Brazilian Stock MArket
For the
IBOV
My idea it´s using Fibonacci, support, resistance and price action.
For me, the real estate, bad credits, and the unemployment aren´t in the current prices. So the next months the world markets should go down, the only reason for me that they aren´t in lower prices, it´s due to central banks, but someone will have to pay the bill or the majorite will not work, since governments pay them to stay home.
I´m a beginner, so let me know what you think.
IBOV
My idea it´s using Fibonacci, support, resistance and price action. For me, the real estate, bad credits, and the unemployment aren´t in the current prices. So the next months the world markets should go down, the only reason for me that they aren´t in lower prices, it´s due to central banks, but someone will have to pay the bill or the majorite will not work, since governments pay them to stay home.
I´m a beginner, so let me know what you think.