#Shanghai Composite Index


Let’s take a look at “Big A”—open the daily chart.
Currently, it’s in the middle of a 30FXIA downtrend with a 5F rebound. My initial estimate is that the rebound is around 4020, and then comes another 5F drop! So for now, no new positions are opened!
Once the 30FXIA downtrend is completed, and after it breaks to a new low, then when the 30f starts to rise, I’ll get in.
At this point, the daily consolidation zone has been formed. Only if it holds above 3943 is there a chance to break through the previous high—this is the best time to enter!
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