Earlier we have seen breakout from the Bullish flag Resistance from poles high and now retesting Follow the fibo levels Guide = arrows
Idea for Indices: - HSI is in something like an island top reversal. Was expecting a bounce to 20 DMA, but only seems to be getting 9 DMA and looking on the verge of collapse. - This "bull flag" that it was in previously resolving in this way is a huge clue... as this pattern exists right now in so many important markets globally. - China has already popped their...
NiKKEI 225 (NI225) Potentially nearing '2B' reversal pattern. Once prices breaks down below red line, potential confirmation of '2B' top reversal pattern completion.
This double top in the Nikkei would suggest about a -15% drop from current levels if it plays out. Break of the neckline and being long JPY (short XXXJPY) would be a way to play this like short EURJPY or NZDJPY
Following the successful break of the bull flag and the quick follow through, there is no surprise that we are seeing a pullback on this ETF. I am starting to average back in after slowly taking profits from 27.50 (prior high) and above. There is no sign of a bottom here, but I am happy with the current price and will buy more if we move lower. The long term...
break down, little bounce highly likely due to biden speech but ultimately short
Nikkei is currently correcting the bullish advance from its August low, bulls will be looking for bullish reversal patterns at the current C wave equality objective just ahead of 29000, demand here would then set the platform for a minimum 5th wave objective of 31789. A failure to defend 28265 would warn of a more significant topping pattern opening a move to test 24180
Here I'm showing Nikkei's Weekly rising expanding wedge with a throw over top. As such, the decline this year could be a partial decline followed by a quick rise. Throw over could be due to the unprecedented balance sheet expansion of combined BOJ, Fed and ECB. European DAX also shows a throw over top in its megaphone (broadening wedge) pattern. In another words,...
I'm loaded into Asian markets so quick sketch of the Nikkie to identify exit point. Still more upside here in short term but can't compete with the India+ markets Best, HF
If market going down right now, how about asian, it's going down too ?! Right Let look at Nikkei And we have 5 wave, wave 5 very bullish, do you think it can go up continue ?! If it fall from here will it is wave 2 of ext 5 or wave a Key area to look at if it fall is 27000
SELL ENTRY: 28338 JPY TARGET: 25878 JPY (+ 8% profit) STOP: 29766 JPY
This is a JP225 monthly chart. It is forming “Black Swan” So,It’ll be a bearish trend. I think it's a good idea to set up “Short”, and make profit at 24,000 JPY. Good luck.
Beautiful follow through following the break of the bull flag. Currently testing all time highs, but move has been aggressive as seen by the extension from the 20day SMA and overbought RSI. It is currently the largest allocation in my portfolio and I will look to take some partial profits here hoping we get a slight pullback for an accumulation.
Idea for Nikkei: I'm waiting for Asia markets to drag down US markets, but why not just short Asia itself first? - The sugar rush of QE is over, and Japan is rolling over. Expecting its bear market since Feb to resolve in a capitulation at least down to a monthly support. - Nikkei under 100D and 9M and at critical support. (50W) - Expect to quickly capitulate to...
Patience has started to pay off. I have been averaging into this ETF for a while - especially when we saw the re-test of the inverse h&s neckline. The bull flag has finally broken higher and will target new all time highs - will hopefully see 31/32 region. Currently largest % holding in my portfolio and happy with current allocation.
After a major bull run, we can see a death cross forming. What is a death cross? The death cross is a chart pattern that indicates the transition from a bull market to a bear market. This technical indicator occurs when a security’s short-term moving average (e.g., 50-day) crosses from above to below a long-term moving average (e.g., 200-day). The indicator gets...
let's talk about money rotation for a minute. someone brought up this nikkei chart to me last night, and told me it is close to seeing a strong reversal, after taking a deeper look into it, i will have to strongly agree with their statement. --- notice how the es chart has been going up for the last 189 days, while nikkei has been slumping for this same...
good buy area on nikkei index. it will boost other index to the wave 5