If S&P500 continues falling down -- Nikkei225 falls down too.
23.6% Fib Retracement is pierced. Next Fib retracement is 38.2% level : 102.
But we still one more support : 102.50
I think U/J will test a very strong support at 102.50 because it's EMA50 and kumo cloud of pattern.
I will put 3 orders:
- Order 1: SELL at current level : Target 102.50 , Stop loss: 103.8
- Order 2: Pending order: Sell at 103.70 : Target 102.50 Stop Loss :104.60
- Order 3: Pending order: BUY at 102.50, target 103.95 : Stop Loss at : 101.60.