Quick idea.
Given the current weakness in the indices, Nikkei 225 is also dragging along to the downside. The index is approaching its key area of support (highlighted), which if broken may confirm further declines. Such a move would confirm a forthcoming lower low and more sellers could see an opportunity to step in.
Please see the chart for levels, targets and the alternative scenario.
Don't forget your stop-loss.
Given the current weakness in the indices, Nikkei 225 is also dragging along to the downside. The index is approaching its key area of support (highlighted), which if broken may confirm further declines. Such a move would confirm a forthcoming lower low and more sellers could see an opportunity to step in.
Please see the chart for levels, targets and the alternative scenario.
Don't forget your stop-loss.
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