Please see my post below firstThe Shanghai Composite is breaking down from its B-wave triangle. The thrust out of the triangle tends to be swift and dynamic. On the chart above I have shown the triangle target and the possible termination point. The breakdown does not boader well for the equity markets for the coming months.
The only market that hasn't broken its trendline yet is the German Dax, but it should just be a matter of time before it will. See the chart below
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