$VALE Should Now Produce a Counter-Trend Rally

First identified in this tweet, a top of significance was put in this year on $VALE.

It looks to have completed a 5-wave structure to the downside, complete with diverging lows. It is now favored to have a relief rally to the orange box. Afterwards, we may expect it to produce a second 5-wave decline to the lower orange target box.

VALE


Note: When my work is first published on this website, it is made available to patrons who support my work through my Patreon account. Over time (usually after a period of a few months), I make the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page.


Leave a Reply

Your email address will not be published.