Recommend putting in multiple TPS and monitoring the Fibonacci. I've put where I think the price range is but be careful. Japan is an ever growing market so on the monthly/yearly chart this is a 'counter-trend' trade.
let's get into practical details without any bullshit in the beginning...
We have some really amazing targets starting with 22750, then 23000, and the last station of testing the all-time high at the level of 24000, but that's not our topic for now, let's take it easy... step by step.
We have a bearish trend since FEB2020 on the D1 chart, the price tried to break...
Looking at charts from across the globe we found a very similar setup, triangle formations that are forming across the board in a timely manner.
If we look deeper into what is going on we are going to get a pretty nice surprise. Let's start of with the Nikkei.
The Nikkei has been on a consolidation pattern since the start of June and has just resolved within a...
Bullflag within a rising wedge
The bull trend is strong
The rising wedge has already broken down and price has climbed back into wedge
Let me know your thoughts on the short term nature of the chart in the comments.
JP225USD 1-Hour Chart
Price action pullback with pinbar at a confluence area: resistance zone, trendline, and ema.
Expecting to drop to first target price @ 20350
Enter SHORT @ 20560
Stop Loss @ 20725
Target 1 @ 20350
Target 2 @ 20250
Target 3 @ 20100
Nikkei 225 (JP225), commonly known as Nikkei, is a stock index for the Tokyo Stock Exchange, the world’s third-largest stock exchange with a market capitalization of US$5.6 trillion.
As the leading index of Japanese stocks, Nikkei 225 (JP225) is a price-weighted stock index, equivalent to the American Dow Jones Industrial Average Index, comprising Japan’s most...
Nikkei 225 Japanese Index has been rallying for a few weeks creating new strong weekly demand imbalances. Nikkei 225 index has unfortunately not retraced yet to any of these two strong weekly imbalances and continues to rally on its way to weekly supply imbalance around 23600.
Nikkei 225 Japanese Index futures forecast. As per the weekly timeframe analysis,...