Here we have a pretty sizable descending wedge, that may or may not break out. There is a positive divergence against MACD.
I think it will break out eventually, with central banks starting to ease again now that the Dollar is weakening a bit.
Tencent is the third largest holding in EEM, which has been looking bullish lately.
I think it will break out eventually, with central banks starting to ease again now that the Dollar is weakening a bit.
Tencent is the third largest holding in EEM, which has been looking bullish lately.
Note
Got a breakout today, but everything was a little weak with S&P selling from the open.Heiken Ashi shows this chart pattern very well:
We could possibly see a very bullish move soon especially if we work off some of the euphoria in the markets.
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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.