Technician
Short

Nikkei: Another Bearish Leg?

CME:NY1!   NIKKEI 225 FUTURES
446 4 10
Nikkei Futures: Failure to hold above the major resistance area around 15450 threatens for a new bearish wave, probably we may see the price head towards the bottom of the sideways range once more. Note the bearish divergence on MACD as well.

The chart explains it-self, with targets and risk limit outlined on it.

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Technician
yes I agree, good stuff, also all the other indexes
+1 Reply
Have to agree as well, just today checked it on a larger scale as well - it did hit the resistance and may go down for another leg
Reply
True, a bearish gravestone doji candle at that resistance.
Reply
Back to square 1
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