Shanghai Composite Index : New Cycle Starts ?

SHCOMP index showed Elliot wave consist of 5 up cycles and 3 down cycles ended at the end of August. And the new cycle seems to start with 3 bottoms raising troughs moderately.

However, the negative cloud is ahead of this and late August down gap would be a strong resistant point within a few period... Moreover, turnaround of longer term moving average line signals the end of upward trend...

Short-term robust movement would be likely.
But, in mid term, it should not be continued...
Nevertheless... I may start to buy corporate bonds, a kind of risk assets, tactically...