CHINA: End of a 17 Year Consolidation - Epic Breakout next?
Regardless of your political bias, here's the bullish case
- Pandemic, regulatory clampdown, China-fear mongering has driven stocks down
- Broke down from pennant in April 2022 but recovered and closed within pennant - bear trap?
- Structural shift in new world order (see Ray Dahlio's animated explanation youtube.com/watch?v=xguam0TKMw8&t=374s)
- Curious timing where the major investment banks have gotten majority control of their China business in 2020
- US coming to an end of a 40 year major cycle and a 90 year mega cycle - have printed money out of their problems for the last decade or more. End of low interest rate environment. Funds have to flow somewhere!
https://www.tradingview.com/x/oW7VxVTR/
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