The Shanghai Composite has finally reached my levels of interest and I'm looking for confirmation that a bottom is in place. Since there are two scenarios at the monthly chart level, I am hesitant to move w.v circle of w.5 of w.C of w.(B), underneath the most recent low. An impulsive advance from current levels would bolster the possibility that w.(B) of the large flat correction had completed.
You can read more about this market that can be found at: http://bit.ly/MOYuGI
Best of Trading
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Fair Disclosure Notice: I do not have a position in any of the aforementioned futures markets or securities related to this article.
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