• BAIDU has broken down from a Rising Wedge

  • Hence from the February low we can count a completed Zig Zag
  • I don´t know if the rebound is over but the Wedge argues for at least a large retracement
  • For the time being we can establish a wide range target box = 169.50 – 158.13
  • A MACD bearish signal cross is needed by eod

 

BAIDU DAILY CHART

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