Last post called for one more high towards 3200. Since then prices reached a high of 3181. Shanghai today broke down through its short-term uptrendline, thus signalling the end of Wave D. Expecting downwards-to-sideways movement in Wave E for the coming weeks. Thereafter, we can expect a thrust out of the triangle, higher. Sustained break below 3000 will negate this view. Refer to previous posts for the bigger picture.
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