Minuette c wave of minute iv correction up was an extended one and it seems to have now finished. The index should continue its path to levels below 62,000, with a first nest stop at around 70,000. In case the index crosses 78,700 this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
Intermediate wave (B) of primary wave 4 turned into a combination formation, typical for waves B. This means that the correction up can extend to the most probable target at 92,000 before the trend turns down. Keep tuned. FOLLOW SKYLINEPRO TO GET UPDATES.
VALE3 counter trend rally is reaching the end. The evolution This last leg up can finish an anywhere from the current level to up to 50 before continuing its trend down. If price crosses up 50.50, this analysis should be void. FOLLOW SKYLINEPRO TO GET UPDATES.
Brazilian Real is tracing minor wave 5 of intermediate, primary and cycle wave 5. The pattern shows a complete five wave that would complete the pattern, however minor wave 5 could extend, therefore the target to confirm the trend down would be if prices crosses down 5.20. FOLLOW SKYLINEPRO TO GET UPDATES
USDBRL crossed the upper line of the primary impulse waves' channel. Primary wave 5 finished with a throw-over crossing up the channel, a typical behaviour. Price should continue down in a corrective pattern. The odds for this scenario increases after prices crosses down 5.38. This analysis should be void if prices crosses up 5.72. FOLLOW SKYLINEPRO TO GET UPDATES.
IBOV finished intermediate wave B up and is now tracing the initial stages of intermediate C down, which should be the final leg of primary corrective wave 4. Prices should reach levels below 62,000. The alternative scenario would be a triangle formation, in this case, it would take more time to cross that level of 62,000, but also in this case prices should not...
As predicted, prices reached 5.392 and it seems to have completed or very near to completing minor b up. When complete, prices should correct in the range of 5.20 to 5.05 before moving up a final minor wave 5 of intermediate 5 of primary 5 of cycle 5 up that should reach the range of 5.50 to 5.60. FOLLOW SKYLINEPRO TO GET UPDATES.
USDBRL is tracing minor wave 4, after it finishes, minor wave 5 of intermediate 5 of primary wave 5 should lift the currency pair to levels higher than 5.30. As minor wave 4 is in early stage we will have a more precise target for minor wave 5 some days ahead. FOLLOW SKYLINEPRO TO RECEIVE UPDATES.
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FOLLOW SKYLINEPRO TO GET UPDATES. IFIX should be finishing minute wave 5 up of a minor C of a intermediate B corrective wave. In this scenario, the index should decrease 10 to 20% if this primary wave 4 is a triangle formation or should go below 1900, up to June 2020, if this formation is a zigzag ABC pattern.
IFIX is tracing a long intermediate B correction and it seems to be in its final leg up, tracing minor wave C. The most probable target would be at 2,790, after this it should start a long move down to levels lower the previous intermediate wave A. FOLLOW SKYLINEPRO TO GET UPDATES.
IBOV seems to be tracing the last leg of a minor ABC pattern up that will complete intermediate wave B. There are two most probable targets for the end of wave B up: one at around 85,000 when wave C reaches the same size of wave A. If it surpasses this level it could go above 90,000 before entering the path to new lows. FOLLOW SKYLINEPRO TO GET UPDATES.
Dear Investor, After falling about 60% from this year's High, the EWZ has started a correction movement in "W" shape. If the price goes above $26,50, I believe the share will return to trade between $30 and $35 and it'll close the first GAP opened by the coronavirus crisis. I started my LONG position in this share since $20,00. But, if you want to get in this...
IBOV is tracing a minor triangle ABCDE pattern that will culminate with the end of intermediate wave (B). After completing this move IBOV should collapse to new lows below previous wave (A). The triangle pattern is not a reliable pattern to trade, therefore we should wait until wave (B) is complete in order to short the index. FOLLOW SKYLINEPRO TO GET UPDATES.
FOLLOW SKYLINEPRO TO RECEIVE UPDATES There are two most probable scenarios for IBOV at this point: 1. Prices are tracing minute wave 5 up of minor C, where returns should increase to 78000-83000 2. If the index crosses the 72,300 support line, minor ABC zigzag completed a short intermediate B wave and price should decrease below 61,600
IBOV is tracing minute wave 5 up of a intermediate corrective wave B and should reach the same proportion as the minute wave 1 at around 83,000. If this scenario persists, when finished Intermediate wave B would be completed at a 0.618 retracement of wave A and a new downwards rally will start. FOLLOW SKYLINEPRO TO RECEIVE UPDATES
I think it will dump until the support line because it hasn't been having enough strength to reach the next resistance line. Furthermore, the Elliot`s waves have just finished.
BMFBOVESPA:IBOV should be tracing a micro wave 2 down in the 15 minutes graph attached. The 0.618 correction retracement can most probably stretch up do 65,000 points before continues its counter trend move into micro wave 3 up. LESS PROBABLE ALTERNATIVE SCENARIO: If IBOV traces down below 62,000 points the odds are that the current scenario is a ABC down and...