USDCLP. Chilean peso could weaken again
Updated
The 2-year lasting correction could be over soon.
Candlesticks in wave Y chart the shape of ending diagonal, which is strong reversal sign.
Wave Y is already equal to wave W as it means that the USD drop was sufficient.
The former major top at the 732 is the minimum target.
See related idea in Turkish Lira, it could be similar.
Candlesticks in wave Y chart the shape of ending diagonal, which is strong reversal sign.
Wave Y is already equal to wave W as it means that the USD drop was sufficient.
The former major top at the 732 is the minimum target.
See related idea in Turkish Lira, it could be similar.
Note
Just to expand the picture I added the MACD sub-chart, which shows a strong Bullish Divergence with the price.Note
Almost 1 year passed. Last consolidation before the target would be hit (extended target added).Note
USDCLP finished consolidation, now eyes upside
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