China Shanghai Composite: hard falling out of a two-year ascending channel

Two weeks ago, after reaching 3,587.03, the Shanghai Composite Index met with immediate resistance and refused. In the last week's low of 3 062.74, this peak dropped by 14.62%. The resistance to the high is distinguished by several levels of fibonacci resistance, including 38.2% retracement of long-term downtaked. SOURCE https://cointelegraph.com/news/equity-markets-vs-cryptocurrency-markets-weekly-performance-review-feb-5-11