HSI1! 2021 Dec 06 Week

HSI1!

HSI1! 2021 Dec 06 Week

Trade remains guided by trendline.
Market trading in a 500pt rotation, will it be accumulation or a pause?

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 it, will short when resisted.

Weekly: Low volume down bar closing on low = Supply weakening, BUT
not change in behavior yet.
Daily: Low volume down bar closing near off low = some support BUT
no change in trend yet
H4 = High volume down bar closing near low = weakness

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 : )HSI1!