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EWChartist
Mar 23, 2016 8:51 AM

Nikkei225 Daily outlook Short

NIKKEI 225INDEX

Description

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