The_Unwind

United Kingdom ETF Bullish Cup Pattern

Long
AMEX:EWU   iShares MSCI United Kingdom ETF
I-Shares United Kingdom ETF EWU
has built a Bullish Cup Pattern, as seen on the included chart.

The next decline could form the "handle" on the pattern,
which would then form a completed "Cup and Handle" Pattern.

Daily Volume in this ETF is over a million shares, so plenty of liquidity for traders.
A near term bullish breakout in EWU would project this ETF up to the 36.00 price area.


THE_UNWIND
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