fortylezzanl

Opportunity to short $vale

Short
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!
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.