It is close to a breakout and the last bar was a classic RBI. So, the trigger is: if this last bar is broken than we can strike this trade long Call Spread or buy Call.
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.