Hi friends,
This is has been a very long move in a slowed down economy that might show why relation between markets and price are usually very related and how external pressure can really drive the market. Remember most say buy the rumor sell the news. Most of the time is true but now if you are closely following news, rumors and facts, it gets clear that sometimes news are fabricated the same way some news are built and many facts given by experts do not follow any logic if you happen to convince yourself that they have something else than you do like knowledge experience or time to analyze.
Currently getting close to the now feel like psychological level of 583.25 colones it seems that its going to reach it pretty soon, about a week. I also expect the level to be rejected and move down to complete the descending wedge. In this scenario I'm thinking the last chance to buy while it is cheap is prior December the 10th. Another possible scenario is after November the 19th it will hit the trend line of the descending wedge and once again by external pressure recover over the 583 colones level in the coming days, while that would be the official end of the descending wedge I think that it will fail to pass the 575 colones and fall back to the trend line where it should then move heading the 562 colones level and once that is complete it would very much create a new move (looking possible the 589 colones level next, possibly very abruptly).
You can also check trading view post and see if I'm correct or no.
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