The NIKKEI is no exception to the crash that is coming to conventional financial markets.
We've looked at the NASDAQ, DJI, SPX, US10Y, APPLE and others and they are all pointing down strong. Many are already crashing into correction levels.
For the NIKKEI, we are seeing very strong bearish divergence showing up on the MACD and RSI. Each time this divergence showed up in the past we saw massive crash, up to 50% and more some times.
Now this divergence is showing up again and NI225 is starting to crash.
Normally, all supports in the form of EMA lines are broken, so you can expect something similar this time.
You've been warned, the market is about to fully crash... Time to move into crypto.
Namaste.
Trade active
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Moving down.
Comment
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Moving according to this analysis... Thanks a lot for the support.
Support ... confirmed as resistance. Game Over. The same is true on the DAX and many other indexes. Market crashes are imminent.
David_Scott
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The time is quickly approaching. We've rejected the 200 MA and the 2016 trend-line...the first major leg down of this multi month breakdown approaches. Perhaps only days away now.
David_Scott
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@Dedeburn, Gapped down 3% today...currently down 3.31% intraday. Sellers are taking control of the markets.
relaw
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Hi, yes we are waiting for them :)
As always good TA. Thanks for your job in Sunday.
Namaste!