NI225, possible H & S

OANDA:JP225USD   Japan 225
Hello Friends, Traders and Interested,

a very quick TA here according to NI225 . We might see a H & S forming on the 15 min. - Chart.

All important lines in chart.

If this H & S will work, short entry after retest of the neckline.

BTW. if this H & S works, we would fall out of the big uptrend channel ( red lines ). This could be a sign, that the past bullish weeks might be over. Many other of our big worlds indices also show signs of trend reversal. We will see.

As always, no trading advice, just educational.

Trade safe and trade on your own risk.

Yours Sascha

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