When we look @ the long term chart we see a pattern forming for many years.
Here when we look @ the bovespa index we see a 5. wave forming all time high.
When we look @ the geopolitics we see a major problem @ the region.
Venezuella Brasil will face strong problems. Political breakdown can be seen @the region. Brasil goverment will face strong problems.
First broke of the trendline here we see it was a 4. wave. Yes after this breakdown price started to go upside. We can see this is 5. wave.
Brasil Colombia Venezuella will have a major problem. I guess this area will crash.
Military And Political problems will be coming.
In emerging countrys hedge funds and financial killers always make people believe that everyting will be ok this time is different we have no doubt. Clear as water. But this is never true.
Brasil will crash. Dont watch the news or dont think only look @ the chart. For a buying signal.
For me. This is a long term chart. not 1 2 day.