vlad.adrian
Short

Nikkei - It is over for abenomics

FX:JPN225   Nikkei 225 index of Japanese listed shares
222 10 7
The bearishness of this chart is obvious. Class A bearish divergence, followed by a class B bearish divergence, with 2 false breakouts over 16000. Impulse is already red. I am short this market from these levels( a bit over extended on the daily) with a stop above the high. I expect at least 14000!

The top in 2007 was very similar to the current top
snapshot
jangseohee
2 years ago
wow, something new, what is Class A & B bearish divergence?
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vlad.adrian PRO jangseohee
2 years ago
Class A - price higher high, indicator lower high
Class B - price equal high, indicator lower high
Class C - price higher high, indicator equal high.

The opposite for bullish divergences
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jangseohee vlad.adrian
2 years ago
Taking notes now haha
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jangseohee
2 years ago
and Abenomics basically never recover since 1990
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hehe
2 years ago
...Vlad - one question - #Kuroda knows about this?
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vlad.adrian PRO hehe
2 years ago
Everything that happens in the markets, be it currencies, stock markets, the people at the top know about it all the time. That is the reason why technicals precede fundamentals!
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jangseohee vlad.adrian
2 years ago
Yes, i totally agree with my new teacher Vlad, especially the Fed, the institutional fund, mutuals funds, these are the people who have enough POWER & Force to move the market, what we need to do is use technical analysis to tag along with them whenever possible, no?
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marc1610 PRO
2 years ago
It was a bearish candle but the week had not concluded when you did your chart!! It doesn't quite look like that anymore??
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jangseohee marc1610
2 years ago
Still a Marubozu Red but with a little shadow at the low end
very near to touching uptrend line extended from 2009 bottom
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vlad.adrian PRO marc1610
2 years ago
Yes, it doesn't, but I still want to be short. The Nikkei jumped because of the US market, because what you have here is the CFD, not the actual Nikkei futures traded in Japan
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