I've been giving warnings ever since the c0v1d black swan, and especially since the 25k re-test, that Nikkei will grow wings but here's a seeing-is-believing look at where my 40k target comes from
For sure it could go higher later and break this key resistance but I would expect at least one more re-test of the navy blue channel beforehand
In theory there's no...
Nikkei (NI225) has given us one of the best long-term trades last year (May 26 2022, see chart below), as we gave a signal for the most optimal buy entry one could expect, on the 10 year (since October 2012) Higher Lows trend-line, and from 26000 it has now surpassed 40000:
The question is obvious: what do we do from here, especially after the remarkable...
This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators.
* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand
>> USE PAGE DN to go...
The S&P500 index is preparing for its last wave up to fresh new highs. Crypto will also outperform all assets. After the blow-off top phase the "real" recession will begin.
Today's focus: JPN225
Pattern – Continuation
Support – 35,860, 35,500
Resistance – 36,215, 36,718
Hi, and thanks for checking out today's update.
We are looking at the JPN225 today, but it's more from an educational standpoint around a continuation pattern that uses the moving averages to help qualify the setup. This setup comes from a system called the Floor...
TVC:NI225 NI225 (W)
I have seen bearish red candles in the NI225 (W)
With a bearish pinbar base combined with weekly frame RSI divergence.
It seems that the NI225 index will fall to the support zone from 33.25K-33.8K in the near future.
NIK225 - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A Doji style candle has been posted from the base.
Price action looks to be forming a bottom.
The primary trend remains bullish.
We look to buy dips.
We look to Buy at 35980 (stop at 35760)
Our profit targets will be 36530 and 36630...
NIK225 - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Price action looks to be forming a bottom.
The primary trend remains bullish.
We look to buy dips.
Weekly pivot is at 35980.
We look to Buy at 35925 (stop at 35685)
Our profit targets will be 36525 and 36655
Resistance: 37020 / 37940...
It was nearly three years ago when the China stock market notched a short-term peak. Recall how the world's second-largest economy was initially seen as a growth engine coming out of the worst of the pandemic. An authoritative regime in China, led by President Xi Jinping, crippled the economy's expansion trajectory through harsh ongoing lockdowns and by clamping...
The Osaka Nikkei Dow as I write this is undergoing a potential MAJOR chart breakout. Note that the 6-month right-angled broadening pattern breaking out has the same chart structure as the 3-year RABT completed in late 2020.
A move back below 33110 would force me to alter an extremely bullish view on Japanese equities.
Market has been hitting All-Time-Highs.
Trend is still bullish.
Aggressively add to original position if in profit, once price has found support.
Avoid adding to original position if negative.
Last time we looked at Nikkei (NI225) for the long-term (May 26 2022), it gave us the most optimal buy entry we could expect (see chart below), as it bounced on the 10 year (since October 2012) Higher Lows trend-line, and from 26000 almost hit 34000:
The index has since seen a 4 month correction (from July to October) to the 1W MA50 (blue trend-line), which...
The lights, carols and the last FOMC of the year, you know the drill by now, Christmas is here soon!
As we head into the year's end, it's the perfect time to revisit an old idea we had last Christmas. In our piece last December titled “ Is the Santa Claus rally real? ” we explored the concept of the Santa Claus rally, discussing why and how a modified version...
Prices never lie. Price is everything.
Time however always lies. That's "Theory of Relativity 101".
Time stretches and narrows based on boredom, psychology, speed.
By taking time out of the equation we transform a news piece into a literature book.
Timeless charts are the past, the present and the future.
They don't expire.
Unlike candles with specific expiration...
In the higher time frame, the primary expectation is that wave (4) is not finished yet. The price action we are seeing after the WXY structure still looks corrective which makes us call for a triple three or WXYXZ structure. In the lower time frame, it looks like we are finishing wave X as an expanded flat.
