CastAway Trader
CastAway Trader Predict the Next Market Move

Subscription: Stocks of US companies

EWZ - looks like an attractive shorting setup

EWZ looks like an attractive shorting setup here. The structure off the major low made at 17.30 in January 2016 looks corrective. I expect an impulsive five wave down decline in wave C of ( B ) down that may push prices under under $30.00.

EWZ - Daily chart updated on 1-21-2020

Trading is risky. Read this important Disclaimer

Trading stocks, options, or futures carries a high level of risk, and may not be suitable for all investors. Before deciding to trade, you should carefully consider your objectives, financial situation, needs and level of experience. CastAway Trader LLC provides general overview of trading methods that does not take into account your objectives, financial situation or needs. The content of this website must not be construed as personal advice. The possibility exists that you could sustain a loss in excess of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading. You should seek advice from an independent financial advisor. Past performance is not necessarily indicative of future profits.

Previous Updates

© 2019 - 2020 CastAway Trader LLC. All Rights reserved.