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iShares MSCI Emerging Index Fund
Short

Short EEM

38
First note the consolidation of volatility after the small rally earlier in October. The indicators suggest that that bullish run has exhausted and a retracement can be expected. Note the lack of buying pressure by the OBV. To set profit targets, we can look at the Fibonacci retracement from the most recent high back on 10/23. These also coincide nicely with levels formed by gap days (e.g. 10/05).
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emergingmarketemergingmarketsindexesquantfinancequanttradingshorttradingWedge
quantguy
Join my discord at discord.io/quantguy
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.