IBOV seems to be tracing the last leg of a minor ABC pattern up that will complete intermediate wave B. There are two most probable targets for the end of wave B up: one at around 85,000 when wave C reaches the same size of wave A. If it surpasses this level it could go above 90,000 before entering the path to new lows. FOLLOW SKYLINEPRO TO GET UPDATES.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.