NI225, big picture... Reversal incomming?

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

with this TA I will show you a possible incomming reversal of the long trend bullish 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 bearish 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.

Yours Sascha

A Like and a Follow makes me happy.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out