EEM - bearish formation / to fall below $45
EEM has today:
a) dropped -1.8% on the day to complete a bearish Head and Shoulders pattern
b) the relative strength has been declining since October
c) the RSI is now below 50
d) the 2 days (6th and 7th Dec) that traded below 45.5 were early signs of a reversal, taking out the higher lows that were the hallmarks of 2017
Short-term target $44.
a) dropped -1.8% on the day to complete a bearish Head and Shoulders pattern
b) the relative strength has been declining since October
c) the RSI is now below 50
d) the 2 days (6th and 7th Dec) that traded below 45.5 were early signs of a reversal, taking out the higher lows that were the hallmarks of 2017
Short-term target $44.
Trade closed: stop reached