China ETF Approaching Event Horizon

Three trend lines converge here. From short-term to long-term, there's the downtrend from the January 2018 peak.

The uptrend from the February 2016 low.

And the support line from the 2018 and 2015 peaks.

Either the January to April correction is ending (including the U.S. markets) or a major breakdown is coming. As with Bitcoin last week, a big move is coming. I was wrong on the direction of Bitcoin last week, I'm taking the same direction on FXI this week (down).