HSI1!HSI1! 10 May 2021 Week (Intraday)
Weekly | Daily = TBC, H4 and below = Bullish
03 May Week - Rejection scenario played out and green zone price target was reached.
After which Bar A dominated the market. The low volume wide spread down bar test of its low at A1 offered good long opportunity; and later climatic bar B as well.
Notice how the demand line of a previous channel (grey) acted as a resistance with the highs tracing that line.
Will market attempt to return to previous channel?
Scenario:
If 28663 is accepted, price may attempt 29820.
Else we may again see green zone as price target.
Have a good trading week ahead.
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