Short
A really, really bearish China count - SHCOMP
Unfortunately TradingView hasn't worked out yet how to allow us Elliott Wave enthusiasts to use logarithmic measurements for extensions and retracements making long term charts a real challenge. Apparently, using the fib channel tool is a workaround and I have used the fib channels to show the long term retracement targets. This count is suggesting that while there may be a decent rally any time now the longer term outlook for Chinese equities is pretty bleak for some time to come.
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