with this TA I will show you a possible incomming reversal of the long trend Ni225 market.
Into the chart:
We see a nearly textbook ascending megaphone ( or broadening ) pattern. The last upwave scratched the top line of this pattern and might act as the long-term top.
After this last top we saw a fast drop to the bottom line and a reversal from there to the middle.
There we are now.
I expect from here incomming signals the next few days and next week. If we will not go higher from here and fall in direction to the bottom line, I do expect an outbreak downwards, a retest of the bottom line and than a fall to the shown targets 1 and 2 ( pink lines).
This fall will not be continuous, therefore the possible support zones with short reversal action. But - allover- I expect a reversal in the markets, not only for the Ni225 , also the other big indices could see a bigger correction.
As always, no trading advice, just educational.
Trade safe and trade on your own risk.
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