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.
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...
