Long long term trend line that has been validated twice is liken to concrete wall.
To break the wall, price and momentum both must move up in tandem.
Recently, Nikkei 225 broke through the long term downtrend resistance line & 16000 psychological resistance level,
Aber thought Japanese economics has seen a silver lining.
But MACD is showing a warning of bearish divergence.
It might be Bull trap, and if it does fall back look up for the mid term uptrendline in blue.
To break the wall, price and momentum both must move up in tandem.
Recently, Nikkei 225 broke through the long term downtrend resistance line & 16000 psychological resistance level,
Aber thought Japanese economics has seen a silver lining.
But MACD is showing a warning of bearish divergence.
It might be Bull trap, and if it does fall back look up for the mid term uptrendline in blue.
