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xtremerider8

EUROPE 2 scenarios: retest 2007 triangle @0.382 or Fib 0.618

Short
iShares Europe ETF (AMEX:IEV)  
xtremerider8  
AMEX:IEV   iShares Europe ETF
Chart Patterns Technical Indicators europe
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chartpattern indicator europe
IEV Europe broke down from 50, a previous top several times. If it will not reclaim 50 next week, it may go down again to retest the previous breakout from a BIG 2007 triangle at around 45, which is also the
FIBO 0.382 level. If 45 will not hold, then the FIBO 0.618 at around 40 will be the ultimate low.
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