$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.


Note: When articles are first published, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced (or to join my Discord chatroom), please consider becoming a patron. Note that there is a 7-day free trial period. More information may be found on my About page and on my Patreon page.