Major Correction Ahead
Shanghai Composite Index with major correction expected by mid next year. Multiple failed formations throughout history, especially recently. The performance is rather simple to read, which is unusual for major indexes. The index is clearly "flattening out" currently, and seems to be charging for a large movement. ADXDI confirms this as well.
(lines and connections have been averaged using step-line over log for higher precision, zoom out to reveal more)
(lines and connections have been averaged using step-line over log for higher precision, zoom out to reveal more)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.