Shanghai Composite

Shanghai Composite | A break of a consolidation range is often seen as a continuation of the preceding trend. At current levels, it appears that the Shanghai Composite is looking to continue it’s breakthrough of a 4 1/2 year downward trend, which appears similar to the consolidation breaks of may 2006 and October 2014. This is chart is intended to identify a potentially bullish setup in Chinese equities, which may form part of your own work.