Outrageous Predictions
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Katrin Wagner
Head of Investment Content Switzerland
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Technical Analyst, Saxo Bank
A Bullish Engulfing on weekly time period in the making
Emerging Markets has been in a bear trend for more than a year by now. However, that could have come to an end with the past few weeks massive sell-offs on the back of the war in Ukraine. iShares MSCI Emerging Markets ETF dropped heavily only to bounce off the 0.618 Fibonacci retracement and support at around $40.90.
A bottom and reversal candle in the making; If the closing price tomorrow Friday is higher than $43.86 the Emerging Market ETF has formed a Bullish Engulfing bottom and reversal candle. A reversal that is likely to take the price action back in the falling channel and back to the 0.382 retracement at $47.50.
Outrageous Predictions
Head of Investment Content Switzerland
Outrageous Predictions
Senior Relationship Manager
Outrageous Predictions
Saxo Group
Outrageous Predictions
Chief Investment Strategist
Outrageous Predictions
Chief Investment Strategist
Outrageous Predictions
Global Head of Investment Strategy
Outrageous Predictions
Investor Content Strategist
Outrageous Predictions
Global Head of Macro Strategy
Outrageous Predictions
Global Head of Macro Strategy
Outrageous Predictions
Global Head of Macro Strategy
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