iShares Inc iShares MSCI Brazil ETF
Short
Updated

Brazil $EWZ Hanging on by a thread - Short

150
Macro view of Brazil. Symmetrical wedge with a bias to the downside due to the price being below all macro VWAP + large volume shelf. Short on the macro basis.
Trade active
This thing is just a zombie at this point. Won't die but looks dead. We'll get there.
Trade closed: target reached
Slowly materializing. Now clearly outside the wedge to the bottom.
Note
Broke to the bottom as expected. Good stuff!

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