"OG EM ETF" EEM, MONTHLY CHART, 20-Year Patterns
Fascinating long-term pattern in emerging markets:
- 20-year Symmetrical Triangle
- breakouts from the triangle in 2017 and 2020, with runs to long-term resistance established in 2007-2008
- since 3Q-2021 a bearish downtrend, through the triangle has been created
- a pattern continuation suggests a breakdown out of the triangle, and down to $30, or possibly $27.50
- 20-year Symmetrical Triangle
- breakouts from the triangle in 2017 and 2020, with runs to long-term resistance established in 2007-2008
- since 3Q-2021 a bearish downtrend, through the triangle has been created
- a pattern continuation suggests a breakdown out of the triangle, and down to $30, or possibly $27.50
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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.