Butterfly worked as predicted. Wait for the breakout of the neckline of SHS at 21.800 to add short
While there is much room to go before we hit resistance, I am really not a huge fan of this overall lackluster performance. Keep in mind, the BoJ owns upwards of 80 percent of the entire Japanese ETF market. 80 percent. Let that sink in. Also, export data is weak in an economy where exports make up 18 percent of GDP. If we gain five percent from today, nobody will...
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...
SELL When: - Touches the RED Line with RSI reaches 70 - Bearish RSI Divergence occurs BUY When: - Touches the GREEN Line with RSI reaches 35 - Bullish RSI Divergence occurs
Nikkei 225 is approaching our first resistance at 21868.6(horizontal swing high resistance, 100% Fibonacci extension, 78.6%Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 21159.1(23.6% Fibonacci retracement , Horizontal swing low support) Stochastic (89,5,3) is also approaching resistance where...
I think Nikkei will move in a downtrend next days and I have many reason for this claim it's at a resistance zone . Broken support transform to resistance it's near PRZ of the Bat pattern The RSI indicator is moving in downtrend and touched the trend line.
Nikkei is approaching our first resistance at 20899 (100% fibonacci extension, 50% fibonacci retracement, horizontal pullback resistance) and a strong drop might occur below this level pushing price down to our major support at 18995 (61.8% fibonacci extension, horizontal swing low support). Stochastic (21,5,3) is also approaching resistance and we might see a...
Find Winning Trades In Seconds >> efcindicator.com (Special Discount) The end of subwave 5 should lead us to visit 18000 levels before a rebound.
NIKKEI (JPN225): WXY CORRECTION ENDED - BEARISH This is for my trade journal only, feel free to comment.
Hi huys and Merry Christmas. I post my recent for short possitions at Nikkei 225 with target 18025 ! Which is a high profit move or a trade if you got the whole picture of global markets and not for intraday investing. As we see ADX and Vortex Index signs 2 very solid sell signals through crossovers between the negative variables and positive variables. Invest...
Very highly possible trade towards 22300 and 22600. However wait for a retrace back to 22000-21800 for a low risk entry. Stop Loss should be place around 21400. Happy Monday everyone!
Technical Analysis and Outlook With the Index Dip 20948 completion, we have two critical, pivotal points at stake: Key Resistance 22841 on the upside and Mean Support 21142 on the downside.
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.
Technical Analysis and Outlook The Nikkei Index finished lower bouncing off by completing Index Dip 20948 . The next stage for transforming from the bearish down move is Dead-Cat-Bounce to Mean Resistance 22091 . The confirmation of Index Rally 20948 is a must before the bounce must be taken seriously; otherwise, the index is heading lower to Key Support 20616...
Technical Analysis and Outlook The Nikkei Index finished small higher bouncing off the Key Support 21862 zone. The next stage for transforming from the bearish down move is Dead-Cat-Bounce to Mean Resistance 22615 . The retesting and reconfirming Key Support 21862 is a must before the bounce must be taken seriously, otherwise, the index is heading lower to ...
Technical Analysis and Outlook Japanese stocks concluded trading session positive on Oct 10, with the Yen currency holding onto the previous day's advance; however, it was only once the wall street opened did the fun begin for the trading day. Today Oct 11 Nikkei Index did react with a negative bias as one were to expect by plunging 315 points or (-3.89%). The...
Implications and Outlook The Japan Nikkei225 retreated from the more recent highs when it comes to cash terms but late in Thursday session held on to somewhat better than Asian counterparts, by slipping just minus 0.56%. The index with further long-term bullish momentum has completed Index Rally 24420 and created Mean Resistance at 24270 . For the last three...
Hello Traders, Nikkei short-term Elliott wave view suggests that the decline to 22161 on 9/06/2018 low ended red wave 2. Above from there, red wave 3 remain in progress, nesting higher in an impulse structure. With lesser degree cycles showing sub-division of 5 waves structure in each leg higher i.e black wave ((i)), ((iii)) & ((v)) expected to unfold in 5 waves...