RHTrading

Brazil Further Downside Expected

Short
AMEX:EWZ   iShares Inc iShares MSCI Brazil ETF
2
Fairly textbook descending triangle breakdown. Volume expected to slant down, go flat until breakdown, then increase into another slant down marked by black arrows.First measured move was correct for the breakdown. 2nd measured move marks my ultimate target price and blue arrows show the path I expect price to take.

Disclaimer

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.