fortylezzanl

Opportunity to short $vale

Viés de baixa
NYSE:VALE   VALE S.A.
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!
Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.