The lower area is a strong support area
1. Back at 2007/2008 Tops 2. At 2015 base formation support zone, broke lower support three times but bears failed to hold. 3. Break of falling wedge and failure to follow through may lead to bullish move. 4. Reached bearish 2.618 fib target. 5. After 6/19 plunge, Markets has been consolidating in tight range and hesitating to decline further - potential signs of...
Chinese index could drop to the trendline within the WXY correction. This area is located at the 1100-1200 level. The trade war with US is in the background. Today is the Chinese public holiday (Dragon Boats Festival). Tomorrow we could see the gap down. Invalidation above wave E (2047)
08-30: cross downwards trend line, buy first support: 1980 second support: 1955 if go below support, out if any correction doesn't break support, hold if go above resistance 2055 before 11-17, very positive towards 2220.