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Bulkowski's Blog Archive: EWH 2
Class Elliott Wave Fundamentals Psychology Quiz Studies Setups Software Tutorials More...
Busted
Patterns		 Candles Chart
Patterns		 Event
Patterns		 Small Patterns
As of 08/20/2019
  Indus: 25,962 -173.35 -0.7%  
  Trans: 10,006 -75.35 -0.7%  
  Utils: 834 -1.95 -0.2%  
  Nasdaq: 7,949 -54.25 -0.7%  
  S&P 500: 2,901 -23.14 -0.8%  
YTD
 +11.3%  
 +9.1%  
 +17.0%  
 +19.8%  
 +15.7%  
  Targets    Overview: 08/15/2019  
  Up arrow27,200 or 24,900 by 09/01/2019
  Up arrow10,700 or 9,550 by 09/01/2019
  Up arrow850 or 790 by 09/01/2019
  Up arrow8,200 or 7,400 by 09/01/2019
  Up arrow3,000 or 2,750 by 09/01/2019
As of 08/20/2019
  Indus: 25,962 -173.35 -0.7%  
  Trans: 10,006 -75.35 -0.7%  
  Utils: 834 -1.95 -0.2%  
  Nasdaq: 7,949 -54.25 -0.7%  
  S&P 500: 2,901 -23.14 -0.8%  
YTD
 +11.3%  
 +9.1%  
 +17.0%  
 +19.8%  
 +15.7%  
  Targets    Overview: 08/15/2019  
  Up arrow27,200 or 24,900 by 09/01/2019
  Up arrow10,700 or 9,550 by 09/01/2019
  Up arrow850 or 790 by 09/01/2019
  Up arrow8,200 or 7,400 by 09/01/2019
  Up arrow3,000 or 2,750 by 09/01/2019

Written by and copyright © 2005-2019 by Thomas N. Bulkowski. All rights reserved. Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information. Some pattern names are the registered trademarks of their respective owners.

 

Blog Posting: February 13, 2008, Hong Kong ETF (EWH)

Potential double bottom in the Hong Kong ETF

The figure shows an interesting development in the MSCI Hong Kong ETF (EWH). Price formed a double top at peaks D and E, confirmed when price closed below the valley between the two peaks, at F. Following that, a symmetrical triangle appeared (highlighted by the blue trendlines).

What is interesting about this symmetrical triangle is that the apex at A often marks a turning point. As you can see, point A is above C, so I expect the market to rebound here. That's a guess, of course but if it's correct, then look for a double bottom at B and C to form and confirm as valid when the ETF rises above the peak between lows B and C.

At a minimum, this should be good for a 5% move up.

 

EWH Aftermath

The Hong Kong ETF (EWH) on the daily scale

Price did move up during the next few days, but that was as far as it got. After I posted my blog entry, I decided to take my own advice and trade this stock. I bought long and lost money when price tumbled instead of rising. Fortunately, a well placed stop minimized my loss.

-- Thomas Bulkowski

 

 

 

 

 

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Written by and copyright © 2005-2019 by Thomas N. Bulkowski. All rights reserved. Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information. Some pattern names are the registered trademarks of their respective owners. Welcome to Psychiatric voice mail. If you have multiple personalities, please press 3, 4, 5, and 6.