Quick Technical Overview - NIKKEI 225 Index: bullish ranging around R1 Pivot
30 October 2015, 06:11
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Weekly price is on bullish market condition for ranging between Central Pivot at 16483 and R2 Pivot at 20733. The price is breaking R1 Pivot at 19117 from above to below and from below to above for the secondary ranging market condition.
| Instrument | S1 Pivot | Yearly PP | R1 Pivot | R2 Pivot |
|---|---|---|---|---|
| NX |
14867 |
16483 |
19117 | 20733 |
If W1 price will break Central Pivot at 16483 on close W1 bar so we may see the reversal of the price movement to the primary bearish market condition.
If W1 price will break R2 Pivot at 20733 from below to above so the bullish trend will be
continuing.
If not so the price will be ranging between the levels.
Trend:
