The Shanghai Composite has bounced from the lower portion of a historical range on the monthly chart. This lower portion was around 2400. The upper portion of this dynamic range is roughly 4400 to 4600. This is also where horizontal resistance and support is.
Monthly Chart:
Weekly Chart:
On the weekly chart we can see that the next resistance for this index is 3600 and 4100. The upper portion of the monthly dynamic range that is 4400 to 4600 is also double the extension of the weekly wave bounce from 2400 to 3280:
The case is clear that bear support for China's Roaring 20s in the chart and its actualization, economically by 2020.
Monthly Chart:
Weekly Chart:
On the weekly chart we can see that the next resistance for this index is 3600 and 4100. The upper portion of the monthly dynamic range that is 4400 to 4600 is also double the extension of the weekly wave bounce from 2400 to 3280:
The case is clear that bear support for China's Roaring 20s in the chart and its actualization, economically by 2020.
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
