Recent trend analysis of the Shanghai Composite Index

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K线技术分析

$Direxion FTSE China Bear 3X(YANG.US)

Personal opinion: it's unlikely to break through 3400 recently, entering a sideways trend.

You can compare the K-line chart with the following image

But who knows what positive news might emerge? After all, everyone's talking about 'the East rises while the West declines' - what if they drop another bombshell? If it reclaims the orange trend line this week, we might need to reassess 🤨 Maybe the East really is rising while the West declines?

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