#JPN225 Nikkei index Long

FX:JPN225   Nikkei 225 Index
114 0 7
Long because:
  • Downtrend broken and trendline is retested;
  • Price is showing wicks at the bottom at multi-year pivot point ;
  • Weekly/Daily shows a nice double bottom at this pivot point ;
  • The direction of the downtrend since 1989 has changed since 2008/2009, I expect a rally in this year. At least a double top of 2015's high is to be seen.
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