This is a major signal in emerging markets, prices have slumped and returned to the last big accumulation level from where the bull market started recently. This is a major buy opportunity, and possibly also linked to a major bottom in global equities and oil .
Best of luck,
$EEM seems like the long term bottom signal panned out, not sure if we will go back down from here https://s3.amazonaws.com/tradingview/sna...
Long term positions established near the lows should be safe to hold overall, non-leveraged, cash accounts.