pipstrading
Long

Nikkei Japan 225 hit upward trendline support

FX:JPN225   Nikkei 225 index of Japanese listed shares
62 3 2
Nikkei Japan 225             hit upward trendline support. if this support holds, looking for a quick trade to long.
I agree to take a quick long if support holds. However, I think that after some upside, the neckline will be tested (close long and add shorts if good signs of reversal), and then more downside towards the trendline, maybe a break to lower levels to form wave c down of IV down. As I mentioned in my analysis of the JPN225.

What is your view after the quick long?
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pipstrading jouke.hartman
5 months ago
thanks for your comments. I hold mid-long term bearish view on Nikkei, S&P and oil. Nikkei may test 15900 level (1H chart, bullish ABCD/Crab, will post this soon) in this quick trade. After the quick long, I will need to see the price action first. glad to discuss more.
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jouke.hartman PRO pipstrading
5 months ago
Thanks for your reply! I also have a bearish mid-long term view on Nikkei and S&P. Nice posts!
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