2021 Aug 09 Week HSI1!
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 26042
Daily: No result from Reversal1. Last bar closing off low, no sign of strength yet
H4: Supply still present. (Weakness appears on Up bars)
Immediate Resistance 26340 - 26483
Intermediate support 25560 - 25650
Strategy:
1) Price reaction off Red/Green Zones
2) Price reaction off boundary of rotation zone (grey box)
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