Since September 2019, I have noticed BMFBOVESPA:IBOV is following the action as 2008. We saw that on the TOP and are seeing once again on the attempt to blow the roof at 120k. This week I heard a Top Brazilian trader Stormer, alerting that we could repeat the cycle of slow bleeding after falling 120k once again. I went to make the study and confirm! I didn´t see...
For the BMFBOVESPA:IBOV My idea it´s using Fibonacci, support, resistance and price action. For me, the real estate, bad credits, and the unemployment aren´t in the current prices. So the next months the world markets should go down, the only reason for me that they aren´t in lower prices, it´s due to central banks, but someone will have to pay the bill or the...
TVC:SPX This idea it´s from a beginner, using price action, Fibonacci, support, resistance and trying to think like the smart money. For me some crises are not in the price, like real estate, bad credit, health system. The bill someone will have to pay or no one will work again, since the central banks print money! Let me know, what you think about this! Thanks