A "monster breakout" could be starting at Shanghai Stock Exchange

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This chart takes a look at the Shanghai Index over the past couple decades. As you can see, this index has remained inside of a well-defined rising channel.
From 2007 to 2014, this index had little to brag about, as it lost about two-thirds of its value in that time. The large decline took the index from the top of this channel (resistance) to bottom of this channel (support) in a five-year span. The index broke above a four-year falling channel on a breakout above Line 1.  (more)

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