Turkish ETF is showing sign of life. Most of the US stock are over valued, but emerging market remained in side way or downtrend. This ETF is just got out of gate from Long wedge and it has potential to go long way to at least 60. Slow moving ETF so do not expect quick profit. Good for taking option position.
Generally Ascending triangle is for spotting continuation of existing trend but FXI is showing it after bottoming in January 2016. Let us see what happens. Expecting price to print in 50 area in next 6 months. Yes, it is slow moving ETF, but good for options. http://www.chartpatterns.com/ascendingtriangles.htm