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[/et_pb_text][et_pb_text _builder_version=”4.12.0″ _module_preset=”default” global_colors_info=”{}”]Alright folks to take a look at PwC, which is the iShares. Brazil ETF mostly holds exposure to large cap and mid cap equities based in Brazil trading today around $30 or unchanged. You see that it has traded more to the downside comparatively to the broader market indices The s&p Nasdaq Dow, but looks like we could be finding some support. So looking here on the weekly chart, we are trading back down into longer term structure after reaching these highs at 42. Back in mid June. We also if we take our fib tool from this swing low back in March of 2020, which were the pandemic lows of course, to these highs in June of 21. You can see that we are at a 618 retracement. So we’ve got 618 retracement into support structure, you can see that evidence over here on the daily chart. From a seasonal perspective, we are approaching a historically bullish time of the year. You can see we start that right around here in mid November, we have to trade Windows actually from November 12 to about no 26. And then we picked it up again from Nov 29 to Jan five. So we’re looking for a trade approximately two months, maybe two and a half months possibly with win rates at 86 and 80%. Favorable respectively over the last seven and 20 years. So we’ve got a lot of good trade data there based off of seasonality windows, and we are now coming into an area that is attractive from a value buyer standpoint here noting that we’ve got long term structure or demand at this area bait coming in on a first touch. We also have bullish divergence by signals going on as well as bullish 123. Now think more conservative play would be to wait for a break above the number two point right here, which right now is 31 quarter. And that would be a simultaneous break of longer term resistance right here longer term trend line resistance. So I think a more conservative play if you want to be extra cautious be wait for a break above this 3131 Quarter area, aggressive buyers of course and go ahead and consider nibbling long with risk down here below $27. Now as far as targets go, first targets are going to be back up here around this 200 day moving average around 3675. Then we’ll look to run it up to about $42 And luckily we don’t have any earnings to worry about on this one. So we will watch and see how this one plays out.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]
