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Ambev

$ABEV: Bullish Gartley Visible on Higher TimeframesAmbev after bouncing from the PCZ of a Bullish Gartley has held and consolidated marginally above the PCZ and while doing so has shown signs that it could continue up higher from here without a secondary retest of the 0.786 as it has Recently Broken out of a Bullish Dragon and Bounced from a smaller Bullish Shark on the Daily as well as holding the POC of the overall Harmonic Range. It has also Bullishly Broken out of a Bull Flag pattern on its ARS pairing. It could always still come back for a secondary test of the 786 retrace anyway, but due to the reasons above; I think there is a high probability that ABEV will not be going any lower than it has over the last few months and that much higher prices are in play.
NYSE:ABEVLong
by RizeSenpai
3
Ambev is drunk. ABEVAnd likely dropping in value. B Wave with B wave of a grander consolidation pattern. DMX, RSX support this notion. It is ironic that the majority of our positions are shorts. Could this be a canary in the coalmine for a major collapse on the equity markets in the first half or a third of next year? We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
NYSE:ABEVShort
by Rykin_Capital