Weekly chart favorable price action, bear engulfing
candle- weekly chart- along with bear correction like set up for Nikkei 225
is looking like it will be bearish
over the upcoming months. However, the news about the new virus could result in a even steeper bear like movement or- if there's good news- could allow the Nikkei 225
to push past this century's highest high. If that does happen then it would be a more fundamental look that would have to be taken when analyzing the chart.