FxWirePro
Short

Nikkei225 forms Bearish Gartley pattern,good to sell on rallies

FX:JPN225   Nikkei 225 index of Japanese listed shares
87 1 6
Pattern Formed- Bearish Gartley pattern

Potential Reversal Zone (PRZ) - 17000

The index has formed Bearish Gartley pattern in hourly chart and it is good to sell on rallies. Nikkei225 has once again retreated after jumping till 16852 at the time of writing.

It is currently trading around 16804.Short term trend is slightly weak as long as resistance 17000 holds.

On the higher side , the index is facing resistance around 17000 and any break above targets 17159/17300 in the short term.

Nikkei's minor support is around 16725 (daily Kijun-sen) and nay break below will drag the index down till 16594 (200- HMA)/16500.

It is good to sell on rallies around 16850-16900 with SL around 17000 for the TP of 16515

KanokpojThongjub
2 months ago
thank u sir
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out