Double bottom is seen. Once the resistance at 21550 is broken, a recovery towards 22050 and 22400 is high possible. However, this is still a counter trend trade, thus take profits once the target are hit. Have a good week everyone.
Nikkei is approaching our first resistance at 21856.1 (horizontal pullback resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 20680.6 (100% fibonacci extension). Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop in price.
I've finally found a correlation with every stock index and came up with my hypothesis of how this stock market will crash.
Globally, not looking good after this week's close
Here is a case study on what NOT to do as a central banker. Despite terrible demographics the Central Bank of Japan insists on buying up stocks and suppressing interest rates to the point where Japanese industry and government debt is uninvestable. By the time this is all done, the Japanese economy could very well be gold backed.
Nikkei is approaching our first resistance at 21887 (horizontal pullback resistance, 100% fiboancci extension, 23.6% fibonacci retracement) where a strong drop might occur pushing price down to our first support at 20680 (100% fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (34) is also seeing a...
Nikkei is approaching our first support at 21624 where a strong bounce might occur above this level pushing price up to our major resistance at 23080 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching support we might see a corresponding rise in price should it bounce off this level.
Nikkei is approaching our first support at 22171.7 (horizontal swing low support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 23673.3 (horizontal pullback resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also...
Having broken out of resistance around the 23000 area and come back below it, the technical picture now looks muddled. For now we can say that we're in a rising wedge, and trend support is currently at the lower boundry.
Nikkei is approaching our first support at 22205.6 (horizontal swing low support, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong bounce might occur pushing price up to our first resistance at 23673.3 (horizontal pullback resistance 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and we...
Hesitation is not good for breaking resistance. DOW, NASDAQ drop. BTC will drop harder. Someday, big money will in. But not now. We may can watch double bottom at 3000$ soon.
Hello everybody! The Nikkei are in my view in a further upward movement and this could be in one-iii-the 3 of the (3). This should carry the Nikkei to over 25,000 points and thus to new annual highs. Later, there are also over 28,000 points in it. The 22,950 points mark should not be violated! If this mark falls and the 20,000 will be tackled again later, The bull...
JP225USD is approaching our first support at 22205 (horizontal swing low support, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 23673 (horizontal pullback resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also...
Key levels to look out for Nikkei. Please refer to our 4hr chart for a strategic view!
Volume divergences play very cleanly on weekly indices. CME's NY1! tracks the Nikkei chart to a tee, with an added bonus of volume. Regular bearish played out strongly and landed right on McGinley as support with an exaggerated bullish divergence to pop it back up. Although the author does not agree on using any moving average as a signal, this looks like a...
Hello traders, Looking at hourly chart for Nikkei, we see a strong bounce at a major support level, and I expect 0.382 Fib bounce. Target: 23000 Most likely it will form head and shoulders pattern before the market crashes so this will probably be a final chance to exit the trade if you have not exited the trade yet. Happy trading!
The Dollar could breathe and retrace after a few days of falling. Nikkei index is set for a Bull run as specified in the previous post. See the link below for NIKKEI225 setup I see this market wanting to use that, to COMPLETE THE SETUP. USDJPY aught to use that momentum to make a move from the 0.25 quarter to the 0.5 quarter , namely 112.5 to 115...
Its been a while since I published. Ive been checking Nikkei 225 for a while. The market has moved to a long standing Bull Trend line, where its developed Bull reversal this trading week over the last two days. With Asia session about to begin, watch for strong continuation. Yall know how JPY react. Very solid movers once a move is in play. This current level...