Hello friends from TradingView!! This one will be a very detailed vision about this important index. I'm here today for talk about the situation we might face in the coming days. After a big hit today of about -2%, things got a little complicated. In green, I show you a huge uptrend since March 2009, that could be seen in the Weekly chart or a very zoomed out...
Main trend at this moment is bullish. As we see in chart, this lattest wave up gonna hit the target of the purple 1.618 fib level, and then start to correct. We are gonna look for the 0.5 level of the white fib and ma200 for exit this trade. Stop was placed by a horizontal support/resistance at daily chart. Did u like this idea? Share your opinions in the...