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I mean a significant move very shortly, either upside or downside thrust due to break out of the triangle formation. I am not very sure which way the triangle is going to break. Currently it looks like it's breaking it in a bullish way which would validate my Elliott Wave count. If thats the case, you adapt to it.
There is a difference between not knowing if the stock is going to go up or down (such as you are trying to imply with some satire) and not knowing if the price is going to break the triangle up or down. The first you can't make a strategy around it, the second you can make a strategy at break out signal.
I'm from Canada.
I don't know what you are referring to with VTP unfortunately.
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For tomorrow:
April 19 (Bloomberg) -- Brazil's central bank cut the benchmark lending rate to a five-year low in a bid to spur consumer spending and bolster a recovery in Latin America's biggest economy.
The nine-member board led by bank President Henrique Meirelles voted unanimously to lower the overnight interbank lending rate 75 basis points, or 0.75 percentage point, to 15.75 percent. The reduction, in line with the median forecast in a Bloomberg survey of 28 economists, is the seventh since September, bringing the rate down 4 percentage points.
De Faria said another 75 basis point cut next month is ``very likely'' and he expects the bank to have the rate at 14 percent by year-end. Ansanelli also forecasts a year-end rate of 14 percent and Lintz predicts a year-end rate of 14.25 percent. Either would be a record low.
There is a difference between not knowing if the stock is going to go up or down (such as you are trying to imply with some satire) and not knowing if the price is going to break the triangle up or down. The first you can't make a strategy around it, the second you can make a strategy at break out signal.
I'm from Canada.
I don't know what you are referring to with VTP unfortunately.
---
For tomorrow:
April 19 (Bloomberg) -- Brazil's central bank cut the benchmark lending rate to a five-year low in a bid to spur consumer spending and bolster a recovery in Latin America's biggest economy.
The nine-member board led by bank President Henrique Meirelles voted unanimously to lower the overnight interbank lending rate 75 basis points, or 0.75 percentage point, to 15.75 percent. The reduction, in line with the median forecast in a Bloomberg survey of 28 economists, is the seventh since September, bringing the rate down 4 percentage points.
De Faria said another 75 basis point cut next month is ``very likely'' and he expects the bank to have the rate at 14 percent by year-end. Ansanelli also forecasts a year-end rate of 14 percent and Lintz predicts a year-end rate of 14.25 percent. Either would be a record low.
. I will update my technical analysis when the price will reach 43.00-44.00. Forgot to say I'm in between 37.60 and 37.70. I got scared when the price suddenly fell yesterday before the close of the markets but finally it wasn't that bad. I'm pretty comfident now on BBD.
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