Is a 23.6% retracement enough?
Rarely and even 38.2 doesn't cut the mustard.
You need to think 50% or 61.8.
Yes, lower lows could be made first which changes the dynamics I suppose.
Shenzen was pitiful and looks a worry while not yet breaking to new lows.
But it is about to get exciting and we all love that, right!
A break above 0.618 suggests teh 5th wave idea is in play.![]()
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