We have an indice analysis to share - as the Japanese stock market could be seeing a big move to the downside in terms of Drop base drop formation, where we have an impulse - corrective pattern and forming a base in the supply and then selling off.
We will look to add this to our portfolio and not the CFDs as the spread is high for many traders even with small...
NIKKEI bounced off 23645.0 where it could potentially rise further to 24540.0.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Nikkei bounced off 23660.0 where it could potentially rise further to 24540.0.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Nikkei 225 bounced off 23645.0 where it could potentially rise further to 24540.0.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Perfect resistance line, the NIK225 has already been stopped twice in the above resistance line and it seems that this time it will also fail to break.
The Stochastic in Overbought, and has the same model as it had in the previous 2 times.
The trend is an uptrend but following the data we mentioned above, we recommend sell
Target: 22000
Priceline of Nikkei 225 index has formed a bullish shark and entered in potential reversal zone.
I have defined the targets using Fibonacci sequence as below:
Buy between: 20094.62 to 20460.02
Sell between: 20779.31 to 21503.43
Regards,
Atif Akbar (moon333)
Short Term Elliott Wave View in Nikkei suggests the decline to 19900 on August 6 ended wave (3). The Index is currently in wave (4) bounce and the internal subdivision is unfolding as a double three Elliott Wave structure. Up from 19900, wave W ended at 20795 as a zigzag. Wave ((a)) of W ended at 20650 and wave ((b)) of W ended at 20220. Then the move higher to...
We have decided to take a bullish trade at 21309 with a Global Stop Loss(GSL) at 21100 and a Global Profit Target at 22498
The Primary Trend (PT) given by the Monthly TIME BAR (MTB) is currently Bearish
The Secondary Trend (ST), given by the Weekly TIME BAR (WTB) is currently Bullish
The Medium Term Trend (MTT), given by the Daily TIME BAR (DTB) is currently...
4H CHART EXPLANATION:
Main Items we Observe on the Chart:
-Price has broken the ascending trendline
-Currently, price is on a support zone
-We will wait for a corrective structure on the support zone before taking any trade
Based on this if the price breaks down with a close candlestick below 20718.0 we expect a continuation of the downward movement towards...
Our Elliott Wave view on Nikkei suggests the rally to May 4, 2019 high (22505) ended wave w. This ended cycle from December 26, 2018 low and the Index is in the process of at least doing a larger 3 waves pullback. Short Term, decline in Nikkei from May 4, 2019 high is unfolding as an Elliott Wave impulse structure. Down from 22505, wave 1 ended at 21935 and wave 2...
Short Term Elliott Wave view on Nikkei Futures suggests the pullback to 20704 ended wave (2). The Index then resumed higher in wave (3) which ended at 21985. The internal of wave (3) subdivided as an impulse Elliott Wave structure. Up from 20704, wave 1 ended at 21415, wave 2 ended at 20985, wave 3 ended at 21765, wave 4 ended at 21490, and wave 5 of (3) ended at...
