EWChartist

Nikkei225 Daily outlook

Short
INDEX:NKY   Nikkei 225 Index
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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.

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This is what we see on the Daily Chart
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EWChartist EWChartist
Close up view to find a good sell zone...
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