BBAS3 (Banco do Brasil) releases earnings this Thursday. As happened with other Brazilian banks they must trigger sells (ex: ITUB4, BBDC4). Being a state owned bank must intensify plunge. I should start to buy a put spread (between 18.50 and 17.50) today to take advantage of this movement.
seems like correction, we possibly have an ending of 5 wave. if it retrace 38% of the whole five structure, then we possibly can get 45% of profit.
Acompanhe o gráfico, valores utilizados com projeção de fibonacci.