ElizaBay
Short

Day 1 - NIKKEI

FX:JPN225   Nikkei 225 Index
86 3 7
From the lowest low on the chart, I see the most frequent prices last shorter and shorter. 11 days, 8 days, the current one is 5 days and failed to reach the target. Therefore, I think the uptrend is exhausted.
From the visible profile graph, I see a strong resistance level around 20000. It is also a round number.
Short at 19856, stop at 20000, target 19492.
If it goes above 20000 tomorrow, then it's a buy, stop just below 20000, target at 20535.
Comment: Updated Chart here:
Trade closed: target reached

Related Ideas

Thank you! Nice chart. I agree with you. There will be a big retrace about 70% from the high to the Oct. low then a nice buy there. Nikkei should go to 20000 again and let's see what DXY is doing.
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The 8-day mode you have listed is 9 - see how that changes things - and without range expansion it becomes 10 - so the mode is 10.
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Thanks Tim.
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