This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators.
* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand
>> USE PAGE DN to go...
Hi
In my elliott analysis, we are in second wave and the third (and very profitable wave) will be started soon.
Two target is shown in chart by fibo and resistance line.
Please like my idea if you agree with it.
Have good trade
Yours
NIKKEI 225 INDEX traded in a tight wedge and it was broken
We are witnessing a bullish breach of the wedge,
and it is expected to retest the horizontal support at 26175.00 before moving up
It seems that NIKKEI 225 is destined to rise and retest the 29200.00 level
We are in Trading Range on the Nikkei 225 Dollar Futures .
Like and Comment will be hugely appreciated, thank you so much for your support.
See other ideas below too!
RISK DISCLAIMER:
Trading Futures ,Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future...
Many currencies look strong against the #yen. I have previously posted the $USDJPY chart, which shows that 119+ could be in the making. $GBPJPY presented here, much like $EURJPY, although the $GBP is looking a little stronger against the #yen. Notes on the chart. If this plays out and the yen continues to weaken, this will provide the Nikkei (Japan 225) a tailwind.
Price has come down to bottom of the range activating my buy limit, I'm anticipating it will return to the top of the range with assisted volume from US markets open. I also have a stoploss below range low
too. - But not before US Equities do!!
(Made a lot of money on these longs until now and especially being Short DJIA/Nikkei225 Spread!)
... and given the currency differential, the Nikkei225 is still a helluva lot better deal than US indexes.
Here is the SP500/Nikkei225 Spread
Short it until it can be shorted no more!
Here is the Weekly;
Yen is getting nasty leading against the dollar and some comdolls which might create pressure for Nikkie. Japan seeks to quarantine all overseas arrivals for 14 days which might create some issue to the travel and tourism sectors. The likelihood of the manufacturing recession deepening in the coming months is high. The latest data showed a sharp fall in...
