Elliott Wave Training

Are you looking to learn the Elliott Wave principle? Or maybe you already have some experience and want to find the ways to improve your skills better.

Click on this post for details:

http://wavepatterntraders.blogspot.com/2012/04/elliott-wave-training.html



Sunday, November 30, 2014

Elliott Wave Analysis of EEM (update)

Back on September 14th I wrote a post suggesting there was strong grounds for a decline
you can read that here:

http://wavepatterntraders.blogspot.com/2014/09/elliott-wave-analysis-of-eem.html

So far its declined nicely as I expected it to, the bounce off the Oct 15th lows is very corrective looking, so I still strongly believe we should see more downside from here. once wave 2 is completed, wave 3 should take it back under the Oct 15th lows and target much much lower, initial targets are around the 32.50 area.



A simple way to play this idea is to look to buy the ETF EEV, as EEM moves lower EEV will move higher.