Actually we are in the path of a strong rally that came after a smal retracement, this rise questions about the impulsive nature of this movement because ussualy wave ii is more deep, what lead us to think this could be an x wave which should end at the 1:1 relation a with c at 13.60 but if the upside presure increase could extend even longer but if it bounce back to the 13.22 will have to define the nature of this movement, a break below this level will increase the chances for a x wave and therefore a new correction will form (down side) but if holds above this level then should lead to a new highs.
Comments
7pasos
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Sorry for the mistake with the count of the down side movement, the general idea do not change but the correct aproach do so here the corrected c)) wave counted heretradingview.com/v/18CKGlZy/
7pasos
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Yes and eventually the weak peso versus dollar will be worst because the fly to quality will let the peso more vulnerable. Emerging markets tends to suffer more when are panic (if it appears) because the inflow created in the search of profits from the industrialized economies will leave at once when the problems arise
QuantitativeExhaustion
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Nice! Looking at the Peso. Inverse correlation with US markets very high