After check some technical analysis and comparing it with the VIX index I can conclude that Shanghai Index hasn't sink yet.
The VIX index is pretty low compared to 2008/2009 levels but it's starting to fly again.
About it's chart we can see two possible situations. Seems like Shanghai Composite is following 2 main channels.
I recommend to take a position after...
Shanghai "A" Shares index appears to be declining from the mid-2015 high in a zigzag 5-3-5 correction. The current wave B appears to be ending as a triangle which, whether complete or not, is shaping up within parameters that would yield a downward thrust measurement for wave C equivalent to between 28.4 to 32.4% from the present level. Coincidentally, the level...
Shanghai Class A Shares Index reflects that it may soon drop another 25-30% from present level, reflecting roughly 78.6% of the initial leg A down of the ABC correction that began in mid-2015. This is apparent from the triangular wave B, which, although not yet complete, is shaping up within parameters that imply such a downward post-triangle thrust measurement...
GOLDEN RIPPLE BOX Depicts the self regulated system. Energy is coiling and for the growth ring to fully be utilized price has to stay with-in the self regulated system. If so expect an upthrust
