Braxzil - Panic in the woods

4 Feb 2016 ‚óŹ 05:54 AM

Brazil has been in wave 5 of C recently. An A-B-C decline started in 2014, and wave C started in May 2015. Last month I posted about wave 5 down starting and there is a good chance that wave 5 is now complete. The 5th wave ended just below the lower end of a 5 year falling channel. So the next move should be up. Irrespective of what that wave is 1-3 months up trend in Brazil stocks is not too much to ask for.


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