EPP have already retested & bounced from 2 potential wedges formed by the high & lows of 2008 crash. The green & black lines are the topside of the 2 wedges. See the yellow zones. Is the bottom in or is a deeper ABC coming? If the 2 yellow zones of the 2 bounces does not hold, 43.22 will be the next downside target completing A deeper ABC wave at the 1.272 FIBO...
1) EPP broke above & retested BIG Symmetrical triangle 2) it bounced from the lower uptrending channel 3) it holds the Volume profile support line 4) It bounced off the 38.2% FIBO level 5) it just made a weekly engulfing candle 6) it bounced off the GANN fan line support 7) it just entered back inside the 200 ema ribbons However,it still has to get above the 52 to...
* EPP ex Japan retraced 38.2% from covid low to 61 top...a good FIBONACCI reversal level for a strong trend. * Wma 100/150/200 violet/blue/red moving averages converging just below current price. * It already came back & just retested the BIG TRIANGLE top. * GANN fan line also gives support. * Looks like it will try to go in & breakout of the cloud next week. *...
It seems to me that patterns are getting repeated in a favorable way. For me it is a good time to sell Ishares MSCI Pacific Ex Japan ETF. For further details, see the chart.