This wave is the final part of a five-wave corrective wave cycle that started from the October 2011 low of 50,760 yuan. Altogether, the five waves have made up a triangle, which is expected to be bearish.

The lower trendline of the triangle will eventually be broken below, a signal to confirm the resumption of the preceding downtrend that started from the August 2011 high of 73,590 yuan.

A rise above 57,000 yuan will be extended to 58,590 yuan.

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