EDS Crab with RSI divergenceAlso decreasing volume and I also found an AB=CD set up that finished in the same spot as well.
Key stats
About Direxion Emerging Markets Bear 3X Shares
Expense ratio
1.10%
Home page
Inception date
Dec 17, 2008
ISIN
US25460E5472
EDZ provides inverse exposure to the widely followed MSCI Emerging Markets Index, leveraged by a factor of three. The underlying index strongly represents financial and technology firms in emerging markets, particularly concentrated in China, South Korea, and Taiwan. EDZ is to some extent a bet against those sectors and those markets. EDZ is designed to provide 3x inverse exposure to the index for one day, not for an extended period. In fact, investors interested in EDZ should look long and hard at the prospectus to get a complete understanding of the path-dependent nature of its returns. Investors who use it for longer than a day could get results that differ greatly from -300%. Also, consider that EDZ is designed to be a short-term trading vehicle, not a long-term investment, so trading costs have a bigger impact than the expense ratio.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
EDZ GartleyIve been wrong a few times on the formation for EDZ but I'm sure this is my final post. A near perfect Gartley has formed with price reversing right at the AB=CD 1.00 projection and a near perfect 0.618 point B. Right now would be a good time to enter the trade since price is retesting the PRZ. I'm
Shark EDZ Bullish 1hEnter at 48.79 a share, stop at 45.96. I'd probably leave out the 3rd target but to target 2 the risk/reward is 3.76. Just a side note; this may not be a shark, I'm still new to harmonic patterns. If someone could confirm for me whether or not this is a shark I'd appreciate it.
EDZ butterfly with stoch divergence.I might be wrong with the categorization as a butterfly since AB doesnt hit 0.786 of the XA fib. It could be a bat that price went through its PRZ and continued on. That being said there is a divergence from the Stochiastic. I think a reversal is imminent, my gut says that price wont move all of the
Emerging Markets bull run ending on weekly chartWeekly chart shows Emerging markets bull run ending and bear starting. EDZ has room to run IMO
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