It seems that we may have a possible Wave Y completion on the Intermediate Period, with a wave 5 on the Minor Period confirming it. On structure breakout, it is possible that we may see the start of a SHORT on a wave 1 minor of a wave 1 Intermediate. MACD suggests slight upwards movement before a bearish move at the breakout of structure. Stochastic already...
It seems the correction is over and the first leg up is is development. With some fibonacci analysis I calculated some confluence zones (blue horizontal lines and a blue zone) and made a forecast, how the pair could develop. It wouldn't be wrong to be aware, that the correction could continue by making another formation. For now, #bullish
O IBOV parece estar no final de uma onda C Menor, dentro de uma (4) Intermediária, que faz parte de uma onda (I) Primária. O início da onda (5) está iminente e deve levar o IBOV até 55K. A partir dalí, devemos ficar atentos ao final da onda (5) e (I). Essa contagem leva em consideração o humor social bastante negativo que dominou a percepção de investidores e...