Evergrande - Anyone still care about this? The bearish Elliot waves continue. Old legs original, I've marked in the recent 5 leg down after the ABC. Shortby holeyprofit441
Do we still talk about Evergrande? In the last post on Evergrande we highlighted the clear Elliot waves down and another set of five completing. Now we're gotten a bit of a bounce and that might be the ABC correction part of the move and we might be into a new set of legs down. Evergrande is ... kinda low. A continued downtrend may be a problem for them. Shortby holeyprofit2
Evergrande holds bearish Elliot waves In our last posting on Evergrande in October we pointed out the Elliot wave structure in price. This made a high around the price point we posted and has went into a solid downtrend ever since. The fear/attention/concern over the Evergrade situation flared up quickly. It seemed like overnight everyone became an expert in the China property market (Excluding those who actually posted incredible analysis on Evergrande/China debt bubble long before it became popular). This faded away almost as fast as it appeared - but the chart has not stopped painting the warnings. Shortby holeyprofit1