EuroMotif
Long

Nikkei to hit new ATH and then some? JPN225 poised for new high

FX:JPN225   Nikkei 225 Index
The Japanese stock market got a recent boost from Trump / Trade War developments.

Japan is expected to work out a deal (and I think it will happen).

The momentum in the Nikkei is very strong right now.
I am expecting some profit taking soon, then continuation up.

The only question in my mind is: WHICH path to new ATH (All Time High) will it take?
Or maybe I am way off (I know nothing about Japan stocks) but lets see
Sep 18
Comment: And so a retrace is under way.
Still plausible that my target for retrace-to-bounce (grey) will be reached, and the new fibs for possible ABC wave line up nicely. The overall rhythm still looks to be in tact.
Sep 20
Comment: Wow, sudden drop from political news out of Japan.
Perfect ping of t he expected support zone. But ALAS, I was not expecting such a sudden drop, more like a slow corrective triangle or something.
So I think it will drop lower, but lets see.
Sep 20
Comment: Looking good so far. I have posted another update here
Sep 25
Comment: As anticipated in my follow up post, we have hit resistance lol
Sep 26
Comment: Looking at the original chart in close up, looks like break and retest from above
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Wealthy I am not
Needy I hope not
Gifts do help out

🙏 BTC 🙏
1Pi1dcYaueUSo2ufrdaQtHYivbcfu1W9LQ

send When you Can
send What you Want
gain Gratitude you Will
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out