Hello Chinese A share stock traders. After days of consolidation, finally Shang Hai Composite index broke the downtrend line firmly.
A pullback might happen with a support zone below marked in yellow color. By applying measured move(abcd) , the index is likely to face increasing selling pressure around 3619-3635 which is 50-65 points further up from the current level. So, in the short term, I'm bullish and keen to the pullback long setup.
Be careful of the 3619-3635 level, sellers might push it back again.