Chinese SSE 50 Index Bearish Dragon with 1.618 Target
The top 50 stocks in the Shanghai Composite Index look to be collectively forming a Bearish Chinese Dragon which if it breaks down could very well send it straight down to the 1.618 Extension given that there's is only one little Support Zone Below us after the trendline is broken. Given this very great Potential Danger that is visible on the chart i will be Avoiding Investment into Chinese Assets in the foreseeable future.
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