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,...
Wait for TD9 Setup to start countdown and look for shorts...see if history repeats here. Good luck
If the hourly candle closes below the 200 Ma then go for sell
As I have published before that JP225 will be moving up in the next coming weeks, it has broken resistance and it is currently playing around the consolidation area highlighted in red as a zone. I am expecting it to drop to support before it can shoot up. Similarly, if it breaks support, `I am looking for a retest before I can take it down as a sell.
H4: Showing Up to Zone Candels, Waiting Support and We Can Open BUY. Plan: Buy at price 22255
We can open Long position and waiting price to go at 21800!
Based on previous price action movement, I can drew points of consolidation and now it looks like JP225 will be in consolidation mode before reaching resistance. A possible move long if it doesn't break the minor support.
Head and shoulders with a point of control entry, take profit is ABCD of the head
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)...
*Please support this idea with a LIKE if it helps you. Thanks! More details about me in my signature. 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) 2003...
I am expecting price to rebound from the bearish streak at the 20742.2 price level, which also represents a fibonacci zone. However, it should be noted that the price is creating somewhat a triangle pattern and it is thus wise to watch out for further downside movement below the 20742.2 price level as prices might be heading to retest the upward trendline from the...
I outline why on this 2H time frame the greater probability for the Nikkei is for the south. How far south is another issue. No predictions - as usual.
In the screencast I show the evidence of a setup that is approaching, for a nice controlled loss. Loss? Nobody want's to hear about that - but it is exactly what we do! Key points: 1. Alternate ABCD pattern with a C-point at 50% (Scott Carney criteria). 2. Zone of congestion. 3. Probabilities for the south based on ATR-based indicator and GMMA. 4. Time...
Nikkei is approaching its resistance at 20913 (100% Fibonacci extension , 50% Fibonacci retracement , horizontal pullback resistance) where it could potentially drop further to its support at 19103 (100% Fibonacci extension , horizontal swing low support). RSI (55) is approaching its resistance at where a reversal could occur.
Nikkei is approaching its resistance at 20913 (100% Fibonacci extension , 50% Fibonacci retracement , horizontal pullback resistance) where it could potentially drop further to its support at 19103 (100% Fibonacci extension , horizontal swing low support). RSI (55) is approaching its resistance at where a reversal could occur.
Nikkei reversed off its resistance at 20228 (61.8% Fibonacci extension , 23.6% Fibonacci retracement , horizontal pullback resistance) where it could potentially drop further to its support at 19017 (100% Fibonacci extension , horizontal swing low support). RSI (55) is approaching its resistance at where a further drop could occur.
Nikkei is approaching its resistance at 20228 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal pullback resistance) where it could potentially reverse down to its support at 19017 (100% Fibonacci extension, horizontal swing low support). RSI (55) is approaching its resistance at where a corresponding reversal could occur.
Nikkei bounced off our first support level at 19017 (100% Fibonacci extension , Horizontal swing low support) where a further rise might occur above this level pushing price up to our major resistance at 20892 (100% Fibonacci extension , 38.2% Fibonacci retracement , Horizontal pullback resistance). Stochastic (89,5,3) is also testing support where we might see a...