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Japan 225 Index
Editors' picks
Aug 6, 2020
NIKKEI On the road to the Quadruple Top
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Main items we can see on the chart:
a)
The price was on an ascending trendline and at the beginning of 2020 we had a huge bearish movement
b)
Since then the price has been rising and re-entered the ascending trendline
c)
Currently, we can see a corrective structure (purple lines) and we expect a bullish Resolution IF the price breaks the upper line
d)
The Target we will be aiming for is the quadruple top in the historical higher highs zone
e)
Another detail to add to the chart is that we have a huge ABCDE Pattern. This type of structure is bullish from a technical perspective
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