The Shanghai Composite is currently at a very important cross road. If the decline from the August 2209 high at 3,478.01 was a A-B-C correction, then wave A and C has reached equalty at 2,525.50. If it was a A-B-C correction then support in the 2,481.97 - 2,525.50 should not be broken to the downside. If however support at 2,481.97 is broken, then the A-B-C correction count should be dismissed and a much more bearish count will be favored.
My favorit count is the much more bearish count, but be flexible.
My favorit count is the much more bearish count, but be flexible.
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