"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