FX:JPN225 Nikkei 225 index of Japanese listed shares
These formations are rare, can be quite confusing, and are prone to a lot of morphing. I believe this one is coming to an end soon. Even if it does not come to an end, a move of size is on the horizon. I am short bias from a risk reward standpoint. I view the break of 17700 as constructive and would be looking to go long the index. I will start covering the Nikkei a lot more going forward on the small time frame using this thread as the bigger picture theme.
Comment: Active short at 17400