Tuesday, August 27, 2019

The iShares MSCI Philippines ETF (EPHE) ABC Correction

The iShares MSCI Philippines ETF (EPHE) seeks to track the investment results of a broad-based index composed of Philippines equities.

EPHE maybe making the last corrective WAVE C on a 5-3-5  or ZigZag. Wave B just completed with Leading Diagonal at 37.15. Wave C which is the last leg of ABC correction is unfolded and it seems that the first impulsive Wave 1 has ended and currently making Wave 2. Wave 2 may go up to 35 levels and after that, it will go down to complete the impulsive wave of Wave C.  Wave 5 of Wave C is forecasted to end at 27. The time period to complete Wave C maybe around December 2019.



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