VALE S.A.Short
Opportunity to short $vale
The chart looks to complete a 5 way structure up to a target around $24.
If this is a wave 1 --> see (i), in a bigger 5 way structure we should see a correction for the second wave --> see (ii).
The 2nd wave correction often goest to the 0.618 fibonacci of the first wave.
This is no financial advise, just my view of this chart.
Also I'm new to publishing idea's so tips or recommendations are welcome.
Have a nice day!
If this is a wave 1 --> see (i), in a bigger 5 way structure we should see a correction for the second wave --> see (ii).
The 2nd wave correction often goest to the 0.618 fibonacci of the first wave.
This is no financial advise, just my view of this chart.
Also I'm new to publishing idea's so tips or recommendations are welcome.
Have a nice day!
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