China

The fast selloff we were expecting from the triple top setup did not materialize.Instead we had 6 weeks of sideways action,then an upward break resulting in a bearish inverted hammer (or gravestone doji ?) this week,on news of the currency realignment.So we now have the potential to move lower from this 4th top.The whole pattern could conceivably be a 4th wave,but this does not seem a high probability count.