HSI1! HSI1! 2021 Sep 27 Week Rejection at about 24587, the 50% of the Feb 2016 - Jan 2018 uptrend provided short opportunity, besides rejection at previous H3 UHV bar high 24718. Weekly: Down bar closing off low, a little demand, but no signs of strength. Weakness expected to continue. Daily: Weakness. The last 2nd and 3rd bar appeared as bearish...
HSI1! HSI1! 2021 Sep 20 Week Weakness played out last week and market was supported at about 24587, this is the 50% of the Feb 2016 - Jan 2018 uptrend. If there is a breakdown and this becomes resistance, market would see more down side. The last up move from 20 Aug - 08 Sep took more days and volume than the one before it while we see more ease of...
HSI1! HSI1! 2021 Sep 13 Week Last week's preference to keep to long last week was fruitful. Weekly: Up bar close below 50% of bar = weakness and a third off the high = weakness. Daily: Price is attempting to test recent high in the red zone, nothing meaningful yet on daily chart. H3: Market moving up, but shortening of thrust. Effort no result =...
HSI1! HSI1! 2021 Sep 06 Week Last week's preference to keep to long last week was fruitful. Weekly: Up bar broke previous week's high but close below its high and a third off the high = weakness. Daily: Upthrust + weakness in the background = weakness H4: Upthrust and supply came in = Weakness has appeared. However no follow through on the UHV down bar at...
HSI1! HSI1! 2021 Aug 30 Week Last week's long preference worked well. 24306 was a previous high demand area, will buyers come in to support should price reach there? Daily: No Demand tiny spread, background = lower high. Last 2nd and 3rd bar effort not result for the bears. H4: 20 - 25 Aug we see the highest bullish volume emerged on the background of this...
HSI!! HSI1! 2021 Aug 23 Week Last week's long levels become short levels market did not even try to test the immediate high. Supply proved stronger. Market returned to test the UHV, and it looks like a spring has occured Weekly: Wide Spread sown bar closing off lows = Demand has come in. Daily: Wide spread down closing in middle, rejection of lower...
HSI1! 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): -...
HSI1! HSI1! 2021 Aug 09 Week Last week's market: = No follow through in breakout - Weakness - Upthrust and returned to rotation zone = weakness - Yet to test the Historic UHV from 27 Jul - Market in 650pt rotation (grey box) Monthly = UHV wide spread down bar closing off low (Change in behavior takes time) Weekly = Potential demand, close on middle...
OANDA:HK33HKD 2021 Aug 02 Week Last week a historically UHV down bar appeared. Strength always appears on UHV ultra wide spread DOWN bar. Weekly: Market has rolled over with a wide spread down bar closing in middle (UHV) = Indecision. Price bounced off Monthly channel demand line. Daily: Shakeout + Reversal = Strength. Market was resisted at 26340...
HSI1! HSI1! 2021 June 21 Week (Intraday) Market has made lower high and we can now visualize a down channel. Intermittent support at 28441. Scenario: 1) Short opportunity if price returns to test 28751 - 28655 region 2) Wait for price reaction at red/green zone before taking position.
HSI1! HSI1! 2021 June 14 Week (Intraday) Weekly, Daily = Bullish | H4 = TBC Past 7 days in rotation. rotation range zones trade levels remains. Bar 2 and 3 are weak. Red/Green zone = preferred entry
HSI1! HSI1! 2020 May 31 Week (Intraday) Weekly = TBC | Daily = TBC | H4 = Bullish H1 = price rotation Bar 1 = weakness, no result from effort Bar 2 = Upthrust = weakness Bar 3 = reversal = weakness Red/Green zone = preferred entry Immediate support = 28942 If price continues to peel away from the supply (upper line of the channel, means upward...
HSI1! 17 May 2021 Week (Intraday) Weekly = TBC | Daily = Bearish, H4 and below = Bullish Green zone target was reached last week, and market broke down and reach for the lower green zone. Market is still making lower highs and in a downtrend, so prefer to short on test of the below levels Scenario 1) Market may attempt to close gap 2) Short levels 28753 /...
HSI1! HSI1! 10 May 2021 Week (Intraday) Weekly | Daily = TBC, H4 and below = Bullish 03 May Week - Rejection scenario played out and green zone price target was reached. After which Bar A dominated the market. The low volume wide spread down bar test of its low at A1 offered good long opportunity; and later climatic bar B as well. Notice how the demand...
HSI1! HSI1! 03 May 2021 Week Weekly = Bullish, Daily = Pending, H4 and below = Bearish Market was within the 29252 - 28440 range Market currently is oversold as it went below the channel at the moment. Market may attempt to return to the channel Scenario: Acceptance into channel price may try 29200 Rejection: the green zones may be the price...
HSI1! 2021 Apr 26 Week (Intraday) It looks like price will try to reach for 29318 and possibly attempt the resistance level. Immediate support = 28426 - 28484 Immediate resistance = 29243 Entry preference remains at SR zones. Remember to like and follow if you find this useful. Have a good trading week ahead.
HSI1! 2021 Apr 19 Week (Intraday) Noticed that price weren't able to make its way past the midpoint of the channel. Is the market weakening? The support and resistance zone remains. No change to trade levels. 1) Use the range of previous ultra high volume bar as a guide for a immediate support/resistance. Clue: Ultra high volume, wide spread down bar is a...
HSI1! 2021 Apr 12 Week (Intraday) Bar 2 came down to test supply of Bar 1, and closed off its low. Price may come back down to test for supply again before moving up. Will wait for a reversal pattern, preferably at the supply line of the channel, to long. Or green/red zones cab be entry zones as well.