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China CSI 1000 Index - Opportunity or Collapse?

CSI 1000 Index (SSE_DLY:000852)  
PukaCharts  
SSE_DLY:000852   CSI 1000 Index
Chart Patterns china chinastocks china1000
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chartpattern china chinastocks china1000
The long view on the China CSI 1000 Index
▫️ The lows of 2018 at $4,065 have not been taken out
▫️ Price is currently at $4,293 above this level
🚨The RSI has reached its most oversold level ever reaching down to a sub 17 level.

Is this an opportunity or a collapse?
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