SSEC - Wave 2 of [3] seems to have ended

(Click at the picture to enlarge)- Shanghai Composite

It seems that wave ii of red wave 3 finished on friday and we are now in the very early stages of wave 3 down. It also lookes like a nice falling channel has formed. We very often see that wave ii of 3 breaks slightly above the channel top, but in this case it has respected it perfectly, but maybe wave (ii) of iii will break it slightly before the wave iii collapse sets in.

Stay tuned!