SO as you can see,NIKKEI had DUMP but now its back again.
Some may think that it had done the trend conversion but it really did not.
I agree that it has broke out the strong resistance such as 20600 but there is VERY strong resistance at 21300line.
see the 3 lines,Fibonacci of 2 high and lows and the trend line of downtrend parallel line which is so strong!
in short term i assume that the price gonna go up till it reach the point but i eventually think this would be just a pump for downtrend to continue.
short it when it hit the trendline which is 21300 line and somehow formed bearish chart patttern or pin bar of 1 H up.
Some may think that it had done the trend conversion but it really did not.
I agree that it has broke out the strong resistance such as 20600 but there is VERY strong resistance at 21300line.
see the 3 lines,Fibonacci of 2 high and lows and the trend line of downtrend parallel line which is so strong!
in short term i assume that the price gonna go up till it reach the point but i eventually think this would be just a pump for downtrend to continue.
short it when it hit the trendline which is 21300 line and somehow formed bearish chart patttern or pin bar of 1 H up.