Shanghai Composite SHCOMP ~ Bearish H&S Formation (Dec 2023)
Updated
000001 chart mapping/analysis.Bearish H&S formation on weekly chart.
Price action already broken below multi-decade trend-line.
Pattern follows through = -29% measured move down to 78.6% Fib / retrace to 2005 breakout / gap fill (weekly) confluence zone (green box).
Note
Correction: 2014 breakout, not 2005 breakout.
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