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The wave "c" started at the wave "b" peak of 58,780 yuan, unfolding towards the 100 percent Fibonacci projection level, as measured by the length of the preceding wave "a". An aggressive bearish target at 48,780 yuan, the 161.8 percent projection level, will become available once the support at 52,600 yuan is broken below. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.