Bovespa Index
Short

IBOV - Open Triangle Pattern

64
Why it forms: Market based on felling (no fundaments)
What to expect: High Volatility
If base line breaks; there could be strong sell off, and consolidation of third wave for IBOV

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.