Emerging Markets Very Cllear Elliott Wave Pattern
The Emerging Markets (EEM) has a very clear Elliott wave pattern that could be an aid into timing of a significant global stock market top.
March to May 2018 had a considerable amount of chop. It now appears that Minute wave "i" - boxed was an Elliott wave Leading Diagonal Triangle (LDT).
And it appears that Minuette wave ( i ) of Minute wave i - boxed was also an LDT. Fascinating!
**** Important note, the motive waves 1, 3, and 5 of an LDT sub divide into five waves patterns. This is different from Elliott wave Ending Diagonal Triangles in which motive waves 1, 3, and 5 sub divide into three wave patterns.
Target zone for the presumed Minor wave "2" up is in the area of 45.00 this could be reached in one or two weeks, corresponding with important SPX and UKX tops. More on this latter if necessary.
Mark
March to May 2018 had a considerable amount of chop. It now appears that Minute wave "i" - boxed was an Elliott wave Leading Diagonal Triangle (LDT).
And it appears that Minuette wave ( i ) of Minute wave i - boxed was also an LDT. Fascinating!
**** Important note, the motive waves 1, 3, and 5 of an LDT sub divide into five waves patterns. This is different from Elliott wave Ending Diagonal Triangles in which motive waves 1, 3, and 5 sub divide into three wave patterns.
Target zone for the presumed Minor wave "2" up is in the area of 45.00 this could be reached in one or two weeks, corresponding with important SPX and UKX tops. More on this latter if necessary.
Mark