HSI Hang Seng Index Harmonic Overview: Inverse Head And Shoulders Pattern

HSI50 completed an Inverse Head & Shoulders Pattern.

The Bearish Alt Bat completed and the Index retested the broken neckline at 26250.

The first target of the I SHS Pattern is 27120. The structural target of the pattern is  27600. The Bearish Butterfly Pattern would be completed at the TP2 of the I SHS pattern.

This pattern can be used as a selling opportunity signalling a technical correction. TheArea of the Short Entry is 27570 – 27610.

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