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...
i Short the nikkei after he Breakout his 2015 high
he just for a technical pullback at the breakout level so at 20905
Enter at 21205
Target at 20900
Gains 300 pips
The Nikkei225 showing a potential Gartley Pattern completion at around the 19900.
I would be more patient on this setup:
- The CD Leg move is has been very strong, hence it could take more time to stop and reverse at the PRZ
- I would like to see a reversal pattern at the PRZ
The H4 RSI is already at the overbought zone, hinting to us that the potential of a reversal
The scope of nikkei is the weakest among the global equity. It is expected as the nikkei is in a X wave rather than 5th wave like other major indexes.
However, the sharp decline today flash warning sign of another washout low. The pitchfork should hold.
If by any chance it breaks, the whole wave count should be expanded. That is very unlikely though.
