EWChartist
Short

Nikkei225 Daily outlook

INDEX:NKY   Nikkei 225 Index
134 2 5
Hi traders we can see Nikkei 225             is within a corrective structure. With corrective structure it is best to trade at the extreme ends because of their complexity. The first move up has just completed a 5 wave count and the Fibonacci ratios on the lower TF confirm that. This is a point of "Low Risk" and "High Reward". We will zoom in at the lower Time Frames and see what information the charts are giving us.
This is what we see on the Daily Chart
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