Since February, the Shanghai "A" Shares could be viewed as having developed an extended 5th wave which could complete the present rally soon. (The "B" Shares index, by comparison, appears to be in the final stage of an upward post-triangle thrust rally with still a bit further to go. )
Once the extended 5th wave is complete, it would be reasonable to expect the following correction to be sharp and swift, looking for support at the bottom of the wave "2" of the 5th wave itself at the 3351 level.
Once the extended 5th wave is complete, it would be reasonable to expect the following correction to be sharp and swift, looking for support at the bottom of the wave "2" of the 5th wave itself at the 3351 level.
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