HSI1! 2021 Nov 15 Week

HSI1! 2021 Nov 15 Week

Market took out temporary support 24737 before making a
recovery. 24737 again provided a long opportunity. Market should
next be trying for 26000 which is the upper end of the rotation zone.

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: Average volume up bar closing off low = weakness. Supply is present
Daily: Narrowing of spread, and up bar closing in middle = Undecisive.
Wait for next bar for demand/supply to surface.
H: Friday's market came down on bullish volume, smart money buying as
price comes down.

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 : )