Updated March 13, 2019
EWN is an ETF also tracking the Amsterdam/Netherlands index. Without beating around the bush there is a very high probability that a triangle is in progress with a few expanded waves. The 2018 peak could be the “D” wave top in Primary degree, with the “E” wave decline still to show itself. It may have already started.
All the forecasting is great but a big bearish phase could eventually send the EWN down for a major triple bottom near the $10 price level.
Of course, that might sound like an insane call at this time but it will take a few years, or until solar cycle #25 starts to crank up.