Chinese equities build stage for strong rally

The SSEC seems to build the stage for a strong move to the upside. We expect slightly more correction as the drop from minuette wave (i) looks impulsive into today's market close in Shanghai. The current retracement may reach the previous wave of minute degree's high or even lower into the 61.8% fibonacci. An interesting setup!

Targeting 3800-3900
S/L 3280

Trade closed: stop reached

Comment:

-5.75%