My trouble zone worked with CSI300 started to fall since last Tuesday. Obviously it's a fake breakout. However, the breakout also created a higher high. It seems to be a range.
Now, the current level is about 1.5% away from previous low zone. In my opinion, the previous low area is a pretty strong defense zone with the higher high and same low structure formed.
Investors are bit fear that most of them are reluctant to check the market. That's one good sign.
I'm expecting another further drop of 20-30% in 2021, say later Q2. Please be careful and trade safe.