$EEM at Wedge, Should Find Support

Last discussed here, $EEM was expected to enter the target range for a wave two of minute degree. That coincides with the bull wedge retest. Going that deep does not change the analysis, but does slightly lower the target for minute (blue) 3 above, which I have adjusted. If we’re not facing a catastrophe, we should know soon, as this should begin a significant rally soon.

EEM

Read more “$EEM at Wedge, Should Find Support”


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few months), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, Tier 1 members ($20/mo.) get access to the articles, Tier 2 members ($35/mo.) get access to those, plus counts on about 20 other instruments, plus Discord server access.


$EEM Entering Expected Support Zone

The bull wedge on $EEM first noted here and then updated here is behaving as expected.

It is encroaching on its wave 2 target area in the midst of which I expect it to find support. I have noted the minute (blue) wave 3 target range on the chart.

EEM


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few months), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, Tier 1 members ($20/mo.) get access to the articles, Tier 2 members ($35/mo.) get access to those, plus counts on about 20 other instruments, plus Discord server access.