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bmftraderpro

EWZ May Fall Down to 30.75 - 30.45 in the Medium Term

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iShares Inc iShares MSCI Brazil ETF (BATS:EWZ)  
bmftraderpro  
BATS:EWZ   iShares Inc iShares MSCI Brazil ETF
Flag Fibonacci AB=CD
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flagpattern fibonacci abcdpattern
After breaking bellow a bearish flag-like consolidation, EWZ reached the contracted objective point at 32.00 in an agreement support zone. Market is now testing the broken line from the downside in a pull back movement. If the broken line can hold the market, EWZ tends to reach the next target in the objective point area at 30.75 - 30.45, which is also an agreement support.
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