The Yellow River first moved sideways on the Hetao Plain to lure in buyers, then dumped hard after hitting a high point, with a brutal guillotine-style plunge. Near Shan County, it violently spiked down to clear out long positions and formed a bottom, now undergoing a corrective rebound. The current price action has precisely hit the 0.618 Fibonacci retracement level, which was the resistance zone before the last big rally and is now the critical battle line between bulls and bears. Whether it continues to rebound or takes another dive will depend on how things unfold. If it holds steady, we’re looking at a ‘Yellow River water coming from the heavens’ type of bull market; if it doesn’t, then it’s heading for a second bottom to form a W pattern!