HSI1! 2021 FEB 15 Week

13 Feb 2021

HSI1!

HSI1! 2021 FEB 15 Week

Weekly, Daily, Current TF = Shortening of thrust

Last bar price advanced on weaker volume.

If story were to repeat itself, per price action at resistance

1) short if next bar close below high of bar A
2) breaks current resistance, rejected and comes back into resistance,
preferably below high of bar A
3) Immediate resistance comes into play and market comes down.

If long, possible scenarios
1) long on dip, volume declines as price comes down,
volume on advancing bars should be strong
2) immediate push up on reasonably strong volume with high of bar A
acting as the immediate support.
3) if push up is on ultra high volume, wait for test and enter.

Remember to Like and Follow if you find this useful.

Have a safe and profitable trading week.

GONG HEI FATT CHOI!