HSI1! 2022 FEB 28 Week
Short preference last week proved very fruitful.
The spring over the last daily bar shows rejection
of lower prices and demand overcoming supply (D/S).
Scenarios:
1) Long on dip opportunity in the 22389-23000 region
as temporary strength returns
2) Should Support 22389 fail, short opportunity on test
of break down area to next demand region
Weekly: High volume down bar closing off low = strength
Daily: Average volume down bar closing at high = strength
H4: Average volume shakeout bar closing at high = strength
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 : )
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.