HSI1! 2021 Aug 16 Week

HSI1!

HSI1! 2021 Aug 16 Week

Gentle ascend, intermediate trend channel established.
High probability short trade from the upthrust.
Tested Historic UHV High from 27 Jul

Weekly: Up bar close above middle
(some strength, but supply still present)
Daily: Strength coming in
H4: Supply still present and Lower High

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

Strategy for Long (Test and Support):
- 25815
- 25560
- 24743 - 24930
- 26340 (ultimate confirmation if there is acceptance
at this price followed by strong bullish volume)
Have a sane trading week for Hang Seng : )