aibek

EEM. Emerging markets could drop within the last leg down

Short
AMEX:EEM   iShares MSCI Emerging Index Fund
Corrective structures are tricky, the wave b emerged within a complex structure.
The map posted in 2018 appeared to be valid (see related) and I dropped it early.
This is a refreshed chart of the old map.
The wave B slighlty exceeded the top of wave A.
The wave C down could emerge in 5 waves down within the strong impulse or an ending diagonal.
Price could retest the valley of wave A in the area of $18.
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