Chilean Stocks.
Pure Technical Projection.
Big Butterfly during 2018.
Currently on PRZ.
Projection according to historic behaviour.
In the Period 2017 - 2018, price was able to breakout the channel where was stuck during 2010 - 2017.
After reach the 61,8% height of the channel and form a butterfly, it has come back into it and seems it will have a fight to handle if want to avoid to get traped again.
Pure Technical Projection.
Big Butterfly during 2018.
Currently on PRZ.
Projection according to historic behaviour.
In the Period 2017 - 2018, price was able to breakout the channel where was stuck during 2010 - 2017.
After reach the 61,8% height of the channel and form a butterfly, it has come back into it and seems it will have a fight to handle if want to avoid to get traped again.
Trade closed: target reached:
Short... play the sideway market
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