Mentorship

Mentorship

Shanghai

29 Apr 2014 ‚óŹ 05:50 AM

Shanghai composite - China, for over a year I have been marking the rise as wave B and wave C down coming. But after each sell off the market has anticaipated a stimulus and bounced back, and each bounce back is a corrective pattern [3 waves], so china remains in a down trend. The whole years pattern is now like a triangle in wave B [triangles are common in wave B, so has wave C down started finally? The lower trendline on the chart below is at yesterdays low of 2000. So closing below that it would look like a larger wave C decline in China is finally underway. The falling yuan must mean something here, it continues to go unnoticed.

shanghai290414

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