The NIKKEI 225 Japan Index (JPN225) 4H Diagram Technical Analysis Training shows the following:
The JPN225 index has made a sharply reaction from Friday towards to KUMO cloud above the support line. The weekly diagram is neutral.
So the first think in mind is that JPN225 will or not find resistance from EMA 200 first. MACD & RSI are both bullish.
We have no special candlestick pattern.
The uptrend and the pattern looks like a hook.
Look the index for EMA 200 first. If it stabilizes above it long for KUMO. (watch the Chikoun Span too). Stop loss under the Kijun Sen.
The JPN225 index has made a sharply reaction from Friday towards to KUMO cloud above the support line. The weekly diagram is neutral.
So the first think in mind is that JPN225 will or not find resistance from EMA 200 first. MACD & RSI are both bullish.
We have no special candlestick pattern.
The uptrend and the pattern looks like a hook.
Look the index for EMA 200 first. If it stabilizes above it long for KUMO. (watch the Chikoun Span too). Stop loss under the Kijun Sen.
