ChinaH Index – Mid-Term Technical OutlookThe ChinaH Index is currently trading at $8,390, after recently rejecting the key resistance level of $9,200, a historically significant zone last tested in 2021. Despite this rejection, the index remains well-positioned within a strong and intact bullish channel, signaling long-term upward momentum.
Current Setup:
We are now observing a short-term relief bounce from $8,390, with potential to retest the $8,700 area. This move is part of a broader technical structure that suggests a healthy pullback phase before resuming long-term growth.
Pullback Scenario:
Following the potential retest of $8,700, the index may enter a correction phase, targeting $7,600 as a core support level—this zone previously acted as resistance in 2022 and is likely to serve as strong structural support heading into mid-2025.
Before reaching $7,600, the first interim support sits at $8,200, a level that previously served as support in 2020 and triggered the recent bounce. If $8,200 fails to hold during the retracement, a deeper correction toward $7,600 would allow for stronger consolidation and improved structural health within the overall bullish channel.
Two Potential Bullish Scenarios After Pullback:
Continuation within the Current Bullish Channel:
A bounce from $7,600 would resume upward momentum.
Primary upside target: $9,700 – a key multi-year resistance zone from 2017–2020.
A clean breakout above $9,700 would confirm a long-term bullish breakout and shift market sentiment decisively.
Formation of a New Bullish Channel:
In the event of prolonged consolidation, price could range between $7,100–$8,700 from September to December 2025.
A breakout in January 2026 would confirm a new ascending structure, offering a refreshed bullish path with long-term upside.
Key Levels to Watch:
Resistance: $8,700 → $9,200 → $9,700 (Major Breakout Zone)
Support: $8,200 → $7,600 → $7,100 (Range Floor if prolonged consolidation)
Summary:
While short-term pullbacks may test market resilience, the underlying bullish structure remains intact. A correction to $7,600 could act as a launchpad for the next major leg higher. Whether through continuation in the current channel or the formation of a new one, the ChinaH Index presents multiple bullish pathways, with $9,700 being the key level that could signal a long-term shift in trend.
Patience and disciplined positioning in the upcoming months will be crucial as we watch for confirmation of the next directional move.