A cyclic behaivour in the IBOV index is very apparent at the moment. The period is around 4 days (2 days between each peak/bottom).
Also there is a interesting triangle (growing over time) that the index also seems to be respecting.
I am just starting to make some analysis here on TradingView.
Comments on my thoughts would be very appreciated. =)
I posted a cleaner version of the chart here: