There looks to be a Bull Flag setting up on the weekly chart of the Emerging markets ETF, EEM.
The Flag pole for this Flag is about $20 in length and technical theory would suggest that this could be the extent of the upside move on any bullish breakout.
Thus, watch the weekly chart's Flag trend lines for any breakout.
The Flag pole for this Flag is about $20 in length and technical theory would suggest that this could be the extent of the upside move on any bullish breakout.
Thus, watch the weekly chart's Flag trend lines for any breakout.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.