Taiwan fell to new lows establishing a 5 wave decline in progress. Why is this importnant?
Taiwan Long term over two decades is forming a triangle and we can debate endlessly if its a berish or bullish triangle. But at the recent high after rising in 3 waves where wave c is truncated and 5 waves up and looks like a wedge, it compltes a potential wave B triangle [A-B-C-D-E]. The 5 wave decline marks the start of a prolonged bear marke then in this market to below the point marked as A in early 1990's. Unusual does not makes sense. so lets see. But the trend is now down here till it gets past the recent highs.