A strong selling opportunity for the China50 index following a retracement.

The China50 index has managed to break below previous buying zones—levels that were considered significant on the daily timeframe.

Current forecasts still point to a continued long-term decline; therefore, the preferred strategy is to focus on selling into any retracement.

Selling Zones and Projected Targets

Should the index rise and retrace toward the daily supply zones near the 14,540 level, a resumption of the downtrend is expected, targeting the 14,390 and 14,210 levels, respectively.

This bearish outlook would be invalidated if the price breaks above the zones marked on the chart and closes with a daily candle above them.