NIKKEI: Bull Flag broken upwards. Target 34,000

CME:NKD1!   Nikkei/USD Futures
Nikkei crossed over its late three month Channel Down pattern which according to the almost +30% rise that preceded it, may be the Bull Flag that technically follows and transitions into the next rally. The 1D technical outlook already turned bullish (RSI = 58.030, MACD = 173.400, ADX = 33.840) and as the 2021 fractal, targets the R1, or at least a little under it (TP = 34,000).

See how the 1D MA100 supported the downtrend on the August 17th bottom and shortly after a Bullish Cross on the 1D MACD followed.

## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##


Over 65% accuracy on Private Signals Channel.

Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.

Free Channel:

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.