Bearish Balance of Power may not shift on the Shanghai Index until (and if) 2000 is reached, as shown on the monthly chart.
Bearish Balance of Power may not shift on the Shanghai Index until (and if) 2000 is reached, as shown on the monthly chart below.
Otherwise, watch for a break and hold above 2500, together with a reversal, break and hold of the BOP indicator above the zero level to indicate a transference of power to bulls on this longer term timeframe.
(Click on image to enlarge)
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