HSI1! 2021 Aug 16 Week

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 : )