Expected Targets for the China 50 Index

The China 50 index has begun to rebound from the buying demand zones,

 which were located near the 15042 level, following the recent correction.

The long-term outlook suggests continued upward movement

 for the index, provided it breaks the downtrend line of the recent corrective wave.

Expected Targets

If the corrective downtrend line is indeed broken and the index closes above it,

then the upward movement is expected to continue towards the targets shown on the chart,

which are located at the 15650, 15930, and 16230 levels.

The expected upward movement will fail if the demand zones are broken and the index closes below them,

specifically, a full daily candle close below the 14785 level.