Chinese stock market breaking out?

TVC:SHCOMP   Shanghai Composite Index
The Shanghai Composite , one of China's main stock indices seems to be at a major breakout zone. It seems possible that the trend may finally continue upward from this point after years of up and down. If this is the case, then this could be a bullish view for the global market, despite the Trump tariffs which have been bearish for the macroeconomy. If this shows the end of the counter trend, and the beginning of the upward bullish trend then this could be a positive sign for the many Chinese stocks. $MCHI, $BABA, $BIDU, $TCEHY, etc. It would be worth noting that many of these Chinese stocks are at noticeable drawdowns, and could either continue down or comeback from a retracement.
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