Shanghai Composite

The breakdown in China is serious and not being talked about yet, but it will be soon. Last year we read a lot about the slowing GDP growth rate in China. The chart shows that finally we broke down from the X wave rising channel. We are now in the next decline. The fall marked as A was 5 waves and the wave A low broke yesterday so wave C down has already started. The question is how far will it go. C=A can easily see 2722 but also extend. Wave Y should eventually go below the wave W low of 2638