IBOVESPA BRAZIL - chance for double digit growth this week

There are high probability that Ibovespa is entering minor wave 3 up of corrective wave B up during this week and if so prices should deliver double digit returns. Updates are being published here, follow SkylinePro to get updates

Note

If IBOV11 crosses 68,000 there is a good chance for it to be in a short-term correction (some days) before going down again. For speculators only.

Note

Note

The support area is below 62,000, if the index passes this level the first posted probability scenario can be eliminated.

Trade closed: target reached

Short term target reached, counter-trend should continue up in the short term, before the mid trend come back down

Note

Prices reached a total of 18% in 4 days reaching 74,446 on March 26

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