The Nikkei shows a non-terminal elliott wave structure. Weather it reached a significant top early year or not - more short term upside is likely. Risk / reward is enhanced by waiting for the next 3-wave dip. Alternatively the trade may be activated right now also for a more risk inclined approach.
S/L 21620
Target: 23500
S/L 21620
Target: 23500
Trade active:
Index retraced. No need to wait further. Either the direction is up or our S/L get's triggered!
Trade closed: stop reached
Comment:
-3.5%