According to the application of Elliot Wave theory; the count shown in the graph indicates that we are still bearish. Sorry for de "LONGERS guys" but, we haven't reached the end of the bearish path. I think that after reaching a price close to $ 48.78 MXN, we will continue short. To finish the wave (III), I like the $ 16.73MXN (0.618 Fibo of the wave III)
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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.