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Chinese SSE300 Index ETF: Bearish Dragon with 1.618 Target

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Xtrackers Harvest CSI 300 China A-Shares ETF (AMEX:ASHR)  
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AMEX:ASHR   Xtrackers Harvest CSI 300 China A-Shares ETF
Trend Analysis Harmonic Patterns Wave Analysis china SSE shanghaicomposite sse300 china300 china50 bearishdragon lamb
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trendanalysis harmonicpatterns waveanalysis china sse shanghaicomposite sse300 china300 china50 bearishdragon lamb
This is an extension to the Bearish SSE50 setup that I posted not so long ago; I found a tradable US Listed ETF that tracks the movement of the SSE300 and the situation on this chart is pretty much the same as the one for the SSE50 where we are breaking a logarithmic trendline, the moving averages, and looking to make a minimum 61.8% retrace. However, I believe it will go much deeper and my targets will be the 88.6% retrace at $17.31 and then the 1.618 Fibonacci Extension below at $7.72

Idee correlate

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