albert.callisto

Nikkei - Symmetric triangle, buy or sell the break

FX:JPN225   Nikkei 225 index of Japanese listed shares
96 0 3
Price is supported by levels around 16500 and is currently oscillating within a triangle. If a break is coming, it could reach 17800 levels we had back in Feb, or . We use the first oscillation height as the basis projection for the price.
Comment: Price is sliding against the triangle edge, no clear signal yet. It would be wise to combine that with Ichimoku to avoid false signals.
Comment: Pattern was respected, will it reach the 16000 level ? There is a high probability.
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