FlowState

NIKKEI approaching resistance, potential drop!

Short
TVC:NI225   Nikkei 225 Index
NIKKEI is approaching our first resistance at 22346.7 (100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop to our major support at 21472.4 (horizontal overlap support, 61.8% Fibonacci retracement, 100% Fibonacci extension).
Stochastic is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.

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