HSI1! 2021 Nov 08 Week

HSI1!

HSI1! 2021 Nov 08 Week

Per analysis, market has come to test the rotation area (grey box) and
found 24737 as temporary support, could be a long opportunity

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 down bar closing on low = weakness
Daily: Exit of downtrend line on strong bullish volume.
Tested previous rotation zone, market may be presenting a long opportunity.
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 : )