HSI1!
HSI1! 2021 Sep 27 Week
Rejection at about 24587, the 50% of the Feb 2016 - Jan 2018 uptrend provided short opportunity, besides rejection at previous H3 UHV bar high 24718.
Weekly: Down bar closing off low, a little demand, but no signs of strength. Weakness expected to continue.
Daily: Weakness. The last 2nd and 3rd bar appeared as bearish reversal, last bar is down bar closing at low.
H3: The most recent UHV bar A, buying effort but spread was narrow and market fell informed us of weakness.
Strategy for Short (Test and Reject)
Strategy for Long (Test and Support)
Entry will be based off the price reaction to these levels
Have a sane trading week for Hang Seng : )
