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KyleKeb KyleKeb BVSP, D, Long ,
BVSP: Bovespa Symmetrical Downtrend Moves Back to a 1.618 Extension.
49 0 0
BVSP, D Long
Bovespa Symmetrical Downtrend Moves Back to a 1.618 Extension.

The Bovespa has been forming a symmetrical downward trend followed by a 1.618 extension of the longer bull trend. You can see this in the chart by the first light blue fib retracement, and then I used a green arrow to indicate where the second retracement line is compared to the green 1.618 retracement line. The second to last move down is a bit tricky as it ...

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