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.
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.
