kriegster

Ibov on correction

BMFBOVESPA:IBOV   IBovespa指數
After huge bear div. (on top of a pivot target), we`ve fallen to the 112k, which was a fib. target for this divergence. Now, ma20 is confirming the bearish movement started by that huge candle on Jan 27. So, the supports to look for are on the bottom line of the channel and 110k (pivot target). Overall trend is bullish.
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