Today, let's talk about the wave pattern of the Shanghai Composite Index.
Shanghai Composite Index: The long-term wave division of the Shanghai Composite Index is not very easy to divide, January 19 is definitely the starting point of the 1 wave of the large cycle, the starting point of the 3 waves in March last year, and the beginning of this year should be the end of the 3 waves. The focus of the bad division is the nature of the July lows, if it is the end of the 4 waves then it is now the process of the 5 waves rising, or the second half of the 4 waves, the 5 waves have not yet started. The reason lies in the volatility pattern of the market and the gradual elevation of the lows.
In the small cycle, we focused on 120 minutes, and the previous days divided 120 minutes of 4 waves, but after crossing the zero axis, there was no stop, so 4 waves were excluded. I said yesterday that the rally here is critical, it is best to accelerate later, even if it continues to fall here, the worst is to continue to rise slowly.
Continue to rise slowly, the wave division tends to be here is the B rally since September 14, followed by the fall of C, and the slower the speed of the slower the rise, the faster the speed of C. So if it is accelerated here, it is okay to have C in the back, I am afraid that it will slowly rise and consume a lot of rebound cycles.
Yesterday said that continued to fall is not a big deal, because since September 14, it is a continuous decline, it is a downward cycle, the rebound cycle has not yet come, it is much slower than the rebound cycle. Secondly, if September 14 is a downward cycle here, the level is certainly not 4 waves, then the biggest possibility is 2 waves of pullback, July 27 to September 14 are considered to be 1 wave of rise, then the end of the 2 wave pullback, is 3 waves of rise. 3 waves are the main ascendants.
The wave type will be determined according to the trend change of the market, and the latest judgment will be made.
【WeChat public number: sinaxxm, investment Mingdao】
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