HSI1! 2022 JAN 10 Week
If breakout of 23695 and is supported, this may signify change in trend.
Possibility of demand returning as price has been peeling away from the
lower trend line (black).
Fresh trend line (brown) scenarios will be
1) bounce from trend line and breaking upward and supported by 23695
could lead to change in trend.
2) Oversold and market re-enters the asymmetrical price boundary
between the brown and black trend line.
Daily: Downtrend. Approached trend channel on low volume
and closing off high = weakness
H4: Up bar closing off high on low volume = 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 : )
