Brazil Bovespa

27 Apr 2022 ‚óŹ 06:07 AM

Brazil was a clear 5 waves up and then retraced over 38.2%. I thought it was a bottom. But not the rise has ended in 3 waves A-B-C and we broke the rising trendline. So we have another decline coming. How far down it will go needs to be seen. It could also be marked W-X-Y. So we either retest the recent low or go to the next retracement at 50% near 96100

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