Using the ew theory on the 45 min chart, we could be in the retrace of the third wave. The retrace could go to 1510 yuan max. After this leg 5 will follow and i think that the purple line - coming from the top of the last bull run - will serve as a huge support.
The RSI basicly supports this, since the last 2 days look more like a small retrace instead of the beginning of bullishness.
Let me know what you think!
Thanks
The RSI basicly supports this, since the last 2 days look more like a small retrace instead of the beginning of bullishness.
Let me know what you think!
Thanks