Having gone from an asset premium of over 15% to a discount of around -13%, and now looking like a giant zig zag pattern is close to completing, it looks a good time to invest. Probably one more low to come and then a strong rally up into early 2019.
PSN should be looking for a large correction after Wave 5 competes. Maybe at the end of this year or early next.
Independent Investment Trust Weekly.
Ina C Elliott Wave of Wave 4, targeting the £340 area.
Wave Count of the price of TEM converted to Dollars to try to match the USA iShares MSCI Emerging Markets (EEM). Not ideal because Dollars are not the Emerging Markets native currency.
Possible Triangle, if it was to get a sharp move down this year.
Positive divergence on the MACD and nearly completing W5 of C, in Wave Y
Weekly Chart starting From 2003 Low.