IBOVESPAUpdated Bovespa - Head and Shoulders pattern forming
The Bovespa has bounced almost perfectly off the inside pitchfork mid line (amazing how many times indexes do that) and now could be forming a head and shoulders pattern. Might be worth watching.....
Note
Although I can't ignore that bullish candlestick on the daily chart.....which way is this market going to go??Note
Too early to call it a failed and head and shoulders? Bullish if it holds above the median.....
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.