NIKKEI 225 4H (28.07.2014) Technical Analysis Training EUSession

FX:JPN225   Nikkei 225 index of Japanese listed shares
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The NIKKEI 225             Japan Index ( JPN225             ) Daily Diagram Technical Analysis Training shows the following:

The JPN225             index has made an uptrend movement above the KUMO cloud last week above the Tenkan Sen (light green line) and Kijun Sen (blue line) too. The weekly diagram is bullish and monthly diagram is turning bullish .

So the first think in mind is that JPN225             has a promise setup for more uptrend as it has breached the resistance line of the top of the ascending triangle . MACD & RSI are bullish .

We have no special candlestick pattern.

There is no special pattern except of the the previous ascending triangle . The fib now starts a new wave so we cannot design a measurement but you can add 15460+456 = 15916 as the first next target.

Long JPN225             with stop loss under the resistance line.
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