AbhishekHSinghCMT
Short

Nikkei- Looking for Multi Month Fall Below 17600

INDEX:NKY   Nikkei 225 Index
101 0 4
On Monthly chart- Nikkei225 is poised for biggest multimonth fall going below 17600- where since 2003             it has finished a corrective structure ABC @20955 Highs.

Since highs of 20955- It has fallen sharply to 16900's & rallied upside in wave-2 @20015 highs -which is critical level for Nikkei & it should not cross above 20015 mark for current bearish structure which is opening up in the Nikkei.

Currently it formed another wave-((i)) & running into wave-((ii)) which has some room for upside but likely it should not move above 20015 marks.

Trading Strategy
Going close to 19500-19750 with critical stops above 20015 or moving below 17600 -we shall look for big bearish structure in the Nikkei--heading into year 2017-2019
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
+919833996865 | LinkedIn
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