Shanghai Class B Index Triangle Thrust Still Has Some Room to Go
Shanghai Class B Shares have thrusted out of a triangle which ended in June 2014.
The index still has just a bit further to rise before reaching the minimum expected upward thrust level, which nearly coincides with the upper trendline drawn through the peaks of 2001 and 2007. Targeting at least 567-586 before the correction ensues.
This action is of probable relevance to the entire Chinese stock market, namely the ongoing parabolic rally in the Shanghai A Shares.
The index still has just a bit further to rise before reaching the minimum expected upward thrust level, which nearly coincides with the upper trendline drawn through the peaks of 2001 and 2007. Targeting at least 567-586 before the correction ensues.
This action is of probable relevance to the entire Chinese stock market, namely the ongoing parabolic rally in the Shanghai A Shares.
