HSI is starting to look overcooked on the upside

٢٥ مايو ٢٠٢٢

HSI may be looking to roll over. my model shows us close to overbought

i am short at 20060 with a stop above 20700 and a target at 18500

٢٥ مايو ٢٠٢٢

ملاحظة

long with HSI:7500 entry at 6.55

٢٨ مايو ٢٠٢٢

ملاحظة

still holding this position despite the massive short squeeze yesterday. the overall structure is holding but we are very extended and running out of runway for this trade to work out.
i am being brave because the underlying condition hasnt changed, its a tick away from ob, maybe we get that condition filled on monday
if i had been more patient i would have got a better entry price for sure
fingers crossed for next week