China MCHI small pullback before continuation

I tend to ignore China since I really do not like their rampant painful policy changes. I tend to avoid single stocks for investing purposes in this region. The China sentiment however is very bullish and the stocks are undervalued. My plan here is to long an ETF instead which will reduce my single stock policy change risk. Between incentivized buybacks, reduction in down payments for second homes, and 500 billion dollar liquidity injection whales are looking to China.

This ETF and China index have broken all 4 moving averages in a single week, this is what I call a pivot. I marked how much further the stochastic RSI has to run this is a decent amount and can take some time.

My Plan:

Entry point is marked as the dashed red hopefully we get a pullback
TP 1 = 54$
TP 2 = 69$ (golden ratio correction thesis)
I will be utilizing Jan long calls likely spreads between high open interest strikes