This is a major signal in emerging markets, prices have slumped and returned to the last big accumulation level from where the bull market started recently. This is a major buy opportunity, and possibly also linked to a major bottom in global equities and oil.
Best of luck,
Ivan Labrie.
Best of luck,
Ivan Labrie.
Note
EEM seems like the long term bottom signal panned out, not sure if we will go back down from heres3.amazonaws.com/tradingview/snapshots/h/Hc174Nxz.png
Long term positions established near the lows should be safe to hold overall, non-leveraged, cash accounts.
Note
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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.