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Few charts on EEM. Did the daily originally before I saw it was...

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DrFork

4,136 Posts.

16/09/16

14:57

Post #: 19209050
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Originally posted by CaptainGrumpy ↑

Thanks Mel,

Yes look to be at struggling at that big band of LT horizontal resistance. I was wondering if that inverse H&S might give it legs up to the 42.5 area. It's a fairly clean projection right into the top of the channel. If it does get there, we'll have a low risk, very high reward short setup. Alternatively, a break below 35 probably means new post GFC lows.

View attachment 254411

cheers

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Few charts on EEM. Did the daily originally before I saw it was request for the monthly. On the close up of the daily, both of the most recent two uptrending forks are currently still valid.

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