Shanghai Composite - Wave 3 down?

I still regard the decline since early August 2009 as wave [C]. If this count is the right one, then we have just started wave (iii) of 3 of 3, which should be the most powerful of the declines in the [C] leg down.

A break below 2,687 will confirm the rally since June 2010 was corrective and should confirm a decline below the June 2010 bottom at 2,320 soon. Wave (iii) should ideally decline to 1,510.