iShares Latin America 40 ETF (ILF)

We received a question the iShares Latin America 40 ETF (ILF).

iShares Latin America 40 ETF (ILF): Breaks out from a double bottom

ILF is confirming a bullish breakout from a mid-2022 to late-2025 double bottom pattern. Sustaining strength above the breakout zone at 29.84–29.00 would keep the formation intact and support further upside toward the 37.00–38.75 area.

A secondary head-and-shoulders bottom that developed from mid-2024 to mid-2025 reinforces this bullish setup and projects a measured move target near 37.25.

The immediate pattern remains bullish as long as this week’s gap from 30.39–30.25 stays open into Friday’s close. The double bottom breakout zone at 29.84–29.00 serves as primary support, with additional backing from the head-and-shoulders retest zone at 27.16–26.80.

We highlighted bullish chart patterns for Peru (EPU) in the July 16 The Stock Pulse and for both Brazil (EWZ) and Mexico (EWW) in the October 29 The Stock Pulse.

Chart 1: iShares Latin America 40 ETF (ILF)