Emerging Markets EEM About to fall??

Short term the emerging markets are on a tear up. But from this longer term chart you can see they are in a long term downtrend. IF IF IF this count is correct then we are ready for possibly a fast and furious fall over the next few months. You may want to watch the action for the next few days to see if at least a short term reversal is forming. ETFs :2x bear EEV, 3x bear EDZ