SPDR S&P China ETF Stock Discussion

Emerging markets are largely cheap compared to US markets, and this is mainly because of China. As a value play, it is probably better to diversify away from being solely exposed to Chinese equities with general EM exposure instead.
Barchart on X: "Chinese Stocks have fallen to their cheapest valuation relative to the S&P 500 since AT LEAST 2010
$SPDR S&P China ETF(GXC.US)$ $iShares MSCI Emerging Markets ETF(EEM.US)$

On 26 Aug 2022, China state-affiliated media, Caixin Global, tweeted that regulators are in talks to prevent the delisting of China companies from U.S. stock exchanges.
This piece of good news sends China-concept stocks in U.S. to go higher, with Agriculture stock, CGA ( $China Green Agriculture(CGA.US)$ ), up 35.5%.
Solar energy stocks such as DQ ( $Daqo New Energy(DQ.US)$ ) and JKS ( $JinkoSolar(JKS.US)$ ) also returns 7.98% and 1.93% ...

$SPDR S&P China ETF(GXC.US)$
Zoom out to month chart and u will see a distinctive pattern.. Its a correction but its the speed and velocity that is alarming.
Price reached the target 40 percent correction in record time compared to mkt turbulence in 2015
Zoom in weekly chart
Price closed the gap (29 Jun 2020) .
Head & shoulder pattern. Price broke neckline. The measure distance should be 92.3
However, there is a multiple confluence of zone at 107 ish.
Bullish pin bar forming on day chart. Hence expect a rebounce.
Draw a straight line from top to bottom, chart presents a perfect sig wave.
Sell volume is decreasing..
To summarize
There is a good chance of rebounce, even though there is a lingering concern, drop to measured target distance of H&S. Price can go lower Unless pattern smooth out.
I am thinking, price will rebound, then retest the low. 104.7...

$SPDR S&P China ETF(GXC.US)$
Wake up please, its about time!