Nikkei bearish wedge

This index made a big rally the past week or two, while the rally was much weaker the first 5 weeks of this year compared to other indices. With this rally of the past 2 weeks, it looks like it is slowing down in the form of a bearish wedge. Seems a break has already happened so normally the high should be set already. The target of the wedge is around the yellow circle, but there is a chance it will drop even more. It is still above a support zone though, but i think if that one breaks, we should see a small acceleration


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Comment:

The green support never broke and made another bounce up because of some news, now its dropping towards that neckline again. If that breaks, we should some acceleration downwards.