gorillacharts

GXG Near-Term Bearish in Bullish Long-Term Context

AMEX:GXG   GLOBAL X MSCI COLOMBIA ETF
Deadly bearish gravestone doji on Friday, which also rejected the neckline to a potentially large and bullish inverse H&S pattern. Either way I stay cyclically bullish given my work on the weekly and monthly charts, as well as developments in EM in general. Short-term however, this one sees bearish follow-up on Friday's candle and could pull back towards $9 worst case $8.50/.30 for great entry points.
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