Emerging markets re-emerging?

Looks familiar?

Speculative but possible:

Bullish channels in charge

Weekend charts

Steep channels breaking down

Weekend charts

I have posted before on ellipses in the past after finding many examples of topping and continuation patterns with several varieties. They are not very accurate patterns because they can be very flexible. Therefore, they don't even come close to my channels' precision. But still they may come handy in many situations particularly when the right side of the ellipses are following the boundaries. Take a look again.

Last resistances standing

Russell2k at a key level

Bulls never give up