HSI1! 2021 Nov 22 Week
HSI1! 2021 Nov 22 Week
Market again tested 247XX. It was not ready to go up . Trade will be guided
by the trend line and will only long if market exits trend line and is supported.
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 it, will short when resisted.
Weekly: Average volume down bar closing near low = weakness
Daily: High volume down bar closing off low, some demand present.
Market came down on lower bearish volume, supply may be exhausted.
H4: Friday's market came down on relatively higher volume, but no result,
there is some support / bears are exhausted at the moment.
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 : )
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