The I Shares China Large Cap ETF (FXI) is an exchange-traded fund focused on the largest and most liquid companies in the Chinese market, primarily listed on the Hong Kong Stock Exchange. These companies mainly come from the finance, energy, telecommunications, and consumer goods sectors. Some of the most prominent holdings include:
As seen in the attached chart, an X-ABCD harmonic pattern has developed, indicating a potential turning point. The chart shows a clear downtrend represented by the green trendline. A break above this trendline could signal that the ETF may extend toward the 0.618 Fibonacci level (Rule Target 2).
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