HSI1!
HSI1! 2021 Nov 01 Week
Market was resisted at 26227 and theme of the week was short. No sign of
strength yet. Probably may test previous rotation (grey area).
If long, wait for price to come down on low volume and find support.
If market rotates, stay out
If market breaks resistance and turns support = long
If market breaks resistance and closes below resistance, and resisted, will short
Weekly: 2 bar Bearish reversal, Average volume down bar = Weakness
Daily & H: Market came down on reduced volume, bearish momentum may be waning.
But no confirmation of strength yet.
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
