A strong buying opportunity for the Chinese index is coming soon on the daily timeframe.

The Chinese index is attempting a decline and correction after rebounding from strong selling pressure zones on the daily timeframe.

The correction is expected to continue towards the lower demand zones, which are currently among the most important and strongest buying opportunities for the index.

Buying Zones and Expected Targets

Currently, if the index visits the first zone near 14905 and buy signals appear, we expect to see a return to the upward trend towards the targets near 15100 and 15400.

However, if the first demand zones are broken, an immediate rise is expected from the next zones, which are currently the most important buying zones, located near 14641, as shown on the chart.

This analysis will be invalidated if the demand zones are broken and the price closes below them with a daily candle.