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Shanghai Composite SHCOMP ~ Bearish H&S Formation (Dec 2023)

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SSE Composite Index (SSE_DLY:000001)  
BlueHatInvestor Updated   
SSE_DLY:000001   SSE Composite Index
Trend Analysis Head and Shoulders Fibonacci SHCOMP shcompanalysis china china50 chinaindex ssecomposite chartanalysis Technical Analysis
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trendanalysis headandshoulders fibonacci shcomp shcompanalysis china china50 chinaindex ssecomposite chartanalysis technicalanalysis
000001 chart mapping/analysis.

Bearish H&S formation on weekly chart.

Price action already broken below multi-decade trend-line.

Pattern follows through = -29% measured move down to 78.6% Fib / retrace to 2005 breakout / gap fill (weekly) confluence zone (green box).
Comment:
Correction: 2014 breakout, not 2005 breakout.

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