Elliot wave consist of 5 bull cycle and 3 bear cycle had ended in late August and new cycle is going now. As recent trend signals positive momentum, it will be possible to re-start another bull market of Chinese equity market.
Wednesday, November 4, 2015
Re-start of China equity's bull market?
SHCOMP index rose 4.3% today with a long-positive candle filling the gap appeared in mid August again. This signals market overcomes the burden of demand for sell-off on a high level.
Elliot wave consist of 5 bull cycle and 3 bear cycle had ended in late August and new cycle is going now. As recent trend signals positive momentum, it will be possible to re-start another bull market of Chinese equity market.
Elliot wave consist of 5 bull cycle and 3 bear cycle had ended in late August and new cycle is going now. As recent trend signals positive momentum, it will be possible to re-start another bull market of Chinese equity market.
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