Shanghai Composite

China is not holding back as wave 4 completed and wave 5 down started. The 3 wave advance has broken down. Waves 3=1, means 5 can be extended but still if 5=1 we get a projection down to 2475 in this move at least. This 5 wave decline would be wave A of the next leg down in China's long term bear market.

china 020818

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