China’s Shanghai Composite jumped 5.3% on Thursday, snapping a five-day losing streak.

The rally has cheered investors worldwide, given all of the China-inspired selling in recent days, but it’s also triggered plenty of skepticism, snark and chart-related goofiness.

The Shanghai stock benchmark’s SHCOMP, -1.28% loops downward, followed by a break higher, have to represent a key chart pattern, right?