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Shanghai Composite

5 Mar 2021 ‚óŹ 05:50 AM

The Shanghai index has been moving up since November and completed a 5 wave advance that is overlapping and now looks like an expanding ending diagonal in wave V of a 5 wave advance. Thus Chinese stocks may remain in a corrective zone for some time till wave 2 of 3 is complete. Prices can go back to the wave for a low where the triangle formed near 3200 on the index.

Thus Chinese stocks may remain in a corrective zone for some time till wave 2 of 3 is complete.

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