JP225 is already heavily overbought at the current pricepoint and an imminent correction is in order. NET buying has been fading.. 4h lower highs has been spotted -- conveying weakening long momentum. Expect some trim downs from this levels: 28400 TAYOR.
NIK225 - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. Our short term bias remains negative. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Weekly pivot is at 37771. We look to Sell at 37805 (stop at 38125)...
TVC:NI225 NI225 (W) I have seen bearish red candles in the NI225 (W) With a bearish pinbar base combined with weekly frame RSI divergence. It seems that the NI225 index will fall to the support zone from 33.25K-33.8K in the near future.
The Japanese stock market index, made up of shares of 225 companies, is showing high volatility today, attempting to break through the September high. Reuters wrote that the index had reached its highest level since 1990. The record is due to low rates from the Bank of Japan, which are helping the country's export-oriented industry (in particular, the automobile...
Flat Regular seem completed at 31830, could not break below 31792. Because of this, target is just like previous plan.
This week could be the worst for stock markets in 3 months after a series of interest rate hikes by central banks, writes Bloomberg. The UK and Switzerland raised the rate by 0.25%. While the US Fed has left rates unchanged for now, Jerome Powell said another rate hike or two may be needed in 2023. Higher-than-expected inflation in Japan has also fueled...
Today's price action, wave v does not seem to be completed yet. As SQ is due next week, CALL should win again, big. If this is correct, wave v should be diagonal, 53535. Heading to 32000 area. ❗️This is a short time trade, 7 days max before SQ. I must close position if it breaks and stays below 30773, 78.6%, a typical diagonal retrace %.
Wave (IV) has started and targeting 30558 area, where wave IV was, "Lesser degree".
NIK225 - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. We prefer to consider the medium term trend and expect buying interest to support as prices move lower. Weekly pivot is at 30753. Further upside is expected although we prefer to buy into dips close to the...
NIK225 - 24h expiry We are trading at oversold extremes. A higher correction is expected. This is positive for sentiment and the uptrend has potential to return. The 50% Fibonacci retracement is located at 30124 from 28893 to 31355. Further upside is expected although we prefer to buy into dips close to the 30125 level. We look to Buy at 30125 (stop at...
NIK225 - 24h expiry Selling pressure from 29249 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. The bias is still for higher levels and we look for any dips to be limited. The trend of higher lows is located at 28562. Preferred trade is to buy on dips. We look to Buy at 28805 (stop at 28665) Our...
NIK225 - 24h expiry - Selling pressure from 28805 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Further upside is expected...
NIK225 - 24h expiry - We look to Buy at 28250 (stop at 28075) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. Preferred trade is to buy on dips. Our profit...
NIK225 - 24h expiry - We look to Sell at 28135 (stop at 28340) Buying pressure from 27458 resulted in prices rejecting the dip. We are trading at overbought extremes. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The hourly chart technicals suggests further upside before the...
NIK225 - 24h expiry - We look to Buy at 27855 (stop at 27635) We are trading at overbought extremes. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. The hourly chart technicals suggests further downside before the uptrend returns. Further upside is expected although we prefer to buy into dips close...
NIK225 - 24h expiry - We look to Buy at 28098 (stop at 27940) Price action continued to range between key support & resistance (25535 - 28653) and we expect this to continue. Short term bias is bullish. Bespoke support is located at 28098. Preferred trade is to buy on dips. Expect trading to remain mixed and volatile. Our profit targets will be 28469 and...
The JAPAN225 (Nikkei index) is close to a significant resistance area, the possibility of a reversal or a change in the direction of the uptrend to a downtrend will increase. This is because a resistance area is a price level that has been tested before and successfully prevented the price from rising, so there is a possibility that this level will once again act...
NIK225 - 24h expiry - We look to Sell at 27700 (stop at 27850) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The hourly chart technicals suggests further upside before the...