IEMG Emerging Mkt: bottom is in; see TP for waves 3 & 5

2022년 3월 23일

IEMG made a bulltrap with a long hammer in this monthly chart. RSI oversold.
It went back inside the pitchfork upchannel.Wave 1 of 3 has bottomed out.
The target price for wave 3 is 90 (FIBO Ext), a 55% profit from the 58 price.
Final wave 5 target projected at 1.618 FIBO is around 111.
Not trading advice