HSI1! 2021 Sep 06 Week

HSI1!
HSI1! 2021 Sep 06 Week

Last week's preference to keep to long last week was fruitful.

Weekly: Up bar broke previous week's high but close below its high
and a third off the high = weakness.
Daily: Upthrust + weakness in the background = weakness
H4: Upthrust and supply came in = Weakness has appeared. However
no follow through on the UHV down bar at the moment, with 25748 acting
as immediate support.

Opportunity for short should price return to test the high.

Long will be at the channel's demand line or when price is
marked down to test previous UHV wide spread bars.

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 : )