NIKKEI 225 4H (28.07.2014) Technical Analysis Training EUSession
The NIKKEI 225 Japan Index (JPN225) Daily Diagram Technical Analysis Training shows the following:
The JPN225 index has made an uptrend movement above the KUMO cloud last week above the Tenkan Sen (light green line) and Kijun Sen (blue line) too. The weekly diagram is bullish and monthly diagram is turning bullish.
So the first think in mind is that JPN225 has a promise setup for more uptrend as it has breached the resistance line of the top of the ascending triangle. MACD & RSI are bullish.
We have no special candlestick pattern.
There is no special pattern except of the the previous ascending triangle. The fib now starts a new wave so we cannot design a measurement but you can add 15460+456 = 15916 as the first next target.
Long JPN225 with stop loss under the resistance line.
The JPN225 index has made an uptrend movement above the KUMO cloud last week above the Tenkan Sen (light green line) and Kijun Sen (blue line) too. The weekly diagram is bullish and monthly diagram is turning bullish.
So the first think in mind is that JPN225 has a promise setup for more uptrend as it has breached the resistance line of the top of the ascending triangle. MACD & RSI are bullish.
We have no special candlestick pattern.
There is no special pattern except of the the previous ascending triangle. The fib now starts a new wave so we cannot design a measurement but you can add 15460+456 = 15916 as the first next target.
Long JPN225 with stop loss under the resistance line.
