Shorting FXI using [FXP]

I recently wrote that my models for Chinese shares are looking down again.  One way to play the expected downturn is via FXP.  The falling wedge has had 5 rail bumps with an e wave throw under followed by a break back up into the channel and the a back test of the lower rail from below.  Buy it here and stop out if it falls back below the recent rail kiss.  Double down with tight stops if it then breaks the top rail with gusto.  Target price should be the low 70s.  Bail out for sure after 5 waves up are seen and then flip long again into FXI.