The ChinaH Index is currently trading around $9,135, continuing its bullish momentum without the deeper retracement toward the $7,500 support many anticipated. Price action is now approaching a major resistance zone at $9,500—a level that acted as resistance in 2021 and as support through 2017, 2018, and 2019.
Bullish scenario: If the index breaks $9,500 decisively, we could see an acceleration toward $10,200–$10,900 with little to no interim pullback.
Bearish scenario: A rejection at $9,500 may signal the formation of a new channel, with a support base developing in the $8,600–$8,800 area before any renewed upside attempt.
The next few sessions will be critical in determining whether this breakout extends into a sharp rally—or if a healthy consolidation phase comes first.
Bullish scenario: If the index breaks $9,500 decisively, we could see an acceleration toward $10,200–$10,900 with little to no interim pullback.
Bearish scenario: A rejection at $9,500 may signal the formation of a new channel, with a support base developing in the $8,600–$8,800 area before any renewed upside attempt.
The next few sessions will be critical in determining whether this breakout extends into a sharp rally—or if a healthy consolidation phase comes first.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.