Emerging markets (EEM) - Bear Flag targets $18
Back in 2021, I posted about Emerging markets with a title "EEM. Emerging markets could drop within the last leg down"
The plan plays out well so far and I found another educational pattern for you on it today.
The Bear Flag appears in the chart as I spotted it on time. The price is still within the Flag
and breakdown below the downside of the pattern would trigger the continuation of the downtrend after this consolidation.
The target is located at the distance of the Pole subtracted from the downside of the Flag.
$18 is the bottom of the large range and the aim for the Bear Flag.
This is the beauty of the patterns as they match with other type of analysis.
The plan plays out well so far and I found another educational pattern for you on it today.
The Bear Flag appears in the chart as I spotted it on time. The price is still within the Flag
and breakdown below the downside of the pattern would trigger the continuation of the downtrend after this consolidation.
The target is located at the distance of the Pole subtracted from the downside of the Flag.
$18 is the bottom of the large range and the aim for the Bear Flag.
This is the beauty of the patterns as they match with other type of analysis.
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