In the Brazilian election, Bolsonaro's son defeated the incumbent president Lula, sparking market excitement over pro-capital and pro-business policy expectations. The Brazil ETF (EWZ) surged 13% in a single day, completing a major wedge breakout since 2010 on the weekly chart, followed by a pullback confirmation and a second rally. Blind chasing is not recommended—better to wait for a technical pullback before entering. Petrobras (PBR) jumped 8%, confirming a breakout from a long-term parallel channel and a massive bull flag to the upside.