Our Dax and ESP 35 trades are continuing as mentioned in previous posts. It seems cheap money and easing will keep stocks propped as there will be nowhere to go for yield. Of course, a geopolitical issue or black swan event can nullify this...and I believe there will be a confidence crisis approaching.
However, we will deal with that when it appears and the bond...
The Nikkei is showing a potential head and shoulders pattern on the 2 hour chart. If we do break below the support at 21620,
then we would await for a lower high which would be a retest of the break.
However, ideally, would like to see a bounce and then a lower high which would make the head and shoulders pattern.
Price is turning at a resistance zone (21800)...
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NI225 has been labeled within a Grand Super-Cycle degree wave B (pink), which has been unfolding ever since the Tokyo Stock Bubble back in 1990.
Structure - Flat Formation
1990 bubble peak and down until Apr 2003 bottoms - Super-Cycle (w) (purple)
Such a stiff drop of USD/JPY in the short time showcased the world economy is really in bad shape, and the fundamentals of the US economy may be rigged. When equity debacle has no end in sight, investors rash to JPY to protect their assets. In the least, here in China, the economy slowdown is widespread and far-reaching, I don't see any significant improvements in...
For those traders familiar with the Wolfe Wave technique, it rarely, if ever, fails. Once properly identified, backtesting shows an accuracy unmatched by no other. Its such a simple technique, yet requires training the eye to spot.
Much like painting, it's subjective in terms of charting.
Presented here is a Bearish wave, where the structure points upward. Long...
Sharing a trade im currently invested in. I've placed a sell order on Japan 225. My target to take profit will be at 23000.
It is the highest price Japan225 has reached. What goes up must come down.
At the same time consider going long on JPY/XXX currency pairs.
This is not financial advise, just sharing my trades and Ideas. Please like if you...
Exchange rate made a fake broke of historical level 24182. H4 close under it. It's a signal that big players don't have enough power to move it up. I think there will be pullback to Mirror level 23000.
We can open a deal because
1. Potential profit in 5 and 8 times bigger than a risk.
2. There was a fake broke of historical level.
3. H4 candle close under key...
I am running a trailing stop on this pair - there is currently no upside target.
Once we have broken 24168, we are in relative un-chartered territory.
Currently oversold on the 2hr timeframe and the running support line is holding the buyers up.
JPN225 has completed the WXY correction and it seems making one more wave up. After the completion of this wave i'm expecting a strong wave down to complete a potential flat correction on the long term.
Here is the observation on the Japan 225 0.68% 0.72% short trade setup.
Note: this is not a trading signal, please perform your own analysis and trade at your own risk. happy trading!!!
JP225USD is currently consolidating, trending sideways a close above 21990.6 will trigger a buy stop i placed hopefully to 22675.2 or in the long run 23023.6 last quarters resistance. JP225 is currently trending below the 50 m.a on the daily but test the 50 m.a on the weekly charts .Overall outlook is bullish , so a close above 21990.6 will prove comfort for more...
Japan225 is right above major support at 23085 (Fibonacci extension, Multiple Fibonacci retracement, horizontal overlap support) and a strong bounce could occur at this level to drive price up towards 24139 resistance (Fibonacci extension, horizontal swing high resistance). Do be wary of the intermediate resistance we can expect at 23748 (Fibonacci retracement,...
short the nikkei at 23600 as all stock ,in oberboght + euphoria,maybe the mast rally before a big correction,but for now i will wait the real signal and play just sup and res
But true that is very crazy in stock market like just in feb 2016 you put just 10 000$ on nikkei who was around 14500 and now 2 years after at 23500//humm you get a big jacpot and same for...
We are in prolong sideway movement in Nikkei, It is a sure sign of extreme ranging.
If you use Bollinger band which is not useful or rather a pretty useless one, it will show you sideways tight range too.
It is making a small bullish higher high for now, but it doesn't really say of the extreme bullishness.
Watch important levels such as 23100 or 23400 level....
I short eh Nikkei who is in a very uprigh (vertical) wedge ahead of japan election buy the tumoir sell the news.
also the 21500 not seen since years and was monthy resistance
Overbougth sale as the dowkone and sp500 i think we are in a capitlisazion market or bubble is when the market price only the good news and nevermind of any bad news like he is waterproff to...