Hang Seng Index (HSI) Pivot Points Analysis - bullish weekly reversal

Hang Seng Index (HSI) Pivot Points Analysis - bullish weekly reversal

5 September 2016, 14:43
Sergey Golubev
7
96

W1 price is on bear market rally to the bullish reversal: the price is breaking Central Yearly Pivot at 23,408.

  • The price is breaking 23,408 Central Pivot level to above on open weekly bar for the bullish reversal.
  • Ascending triangle pattern was formed by the price to be broken to above together with 23,621 resistance for the bullish trend to be started.

InstrumentS1 Pivot
Yearly PP
R1 Pivot
HSI 18,192 23,408 26,564

Trend:

  • D1 - bear market rally
  • W1 - bullish reversal
  • MN1 - bullish reversal
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