HSI1! 2021 Aug 23 Week

$HSI!!


HSI1! 2021 Aug 23 Week

Last week's long levels become short levels market did not even try to test the immediate high.
Supply proved stronger. Market returned to test the UHV, and it looks like a spring has occured

Weekly: Wide Spread sown bar closing off lows = Demand has come in.
Daily: Wide spread down closing in middle, rejection of lower prices. Reduced bearish volume on the test.
H4: Demand has come in to support the market. Bearish effort no result, reduced bearish volume on test of previous low.

Prefer to long on test of low.

Strategy for Short (Test and Reject):
- 26900 - 26584
- 25814

Strategy for Long (Test and Support):
- 25400
- 24780
- 24306
- 23870

Have a sane trading week for Hang Seng : )