FXCross

PBR going out of the bullish flag + Wyckoff LPS and test.

Long
NYSE:PBR   PETROLEO BRASILEIRO SA PETROBR
07.12.2021
NYSE:PBR
GFS 70,69
with the bullish flag formation, which the price exited already, there's a good chance of the price going higher if it brakes the $11.14 point.

Often a bullish flag suggests Wyckoff reaccumulation, which is evident here, with the price reaching the 'TEST' in the last phase last week. I'm keeping my eyes for longs this or next week with PBR .