NIKKEI is approaching our first resistance at 22290.7 (61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 21472.4 (61.8% Fibonacci retracement , 100% Fibonacci extension , horizontal pullback support).
Stochastic is approaching resistance as well where we might see a...
NIKKEI is approaching our first resistance at 22290.7 (61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 21472.4 (61.8% Fibonacci retracement , 100% Fibonacci extension , horizontal pullback support).
Stochastic is approaching resistance as well where we might see a...
Nikkei is approaching our first resistance at 21823.8 (76.4% Fibonacci retracement , horizontal swing high resistance, 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 21414.3 (61.8% Fibonacci extension , 50% Fibonacci retracement , Horizontal pullback support).
Stochastic is also approaching...
Nikkei is approaching our first resistance at 22320.0 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance where a strong drop might occur below this level pushing price down to our major support at 20303.4 (61.8% Fibonacci retracement, Horizontal swing low support)
Stochastic is also approaching resistance where we might see a...
Nikkei is approaching our first resistance at 22320.0 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance where a strong drop might occur below this level pushing price down to our major support at 20303.4 (61.8% Fibonacci retracement, Horizontal swing low support)
Stochastic is also approaching resistance where we might see a...
Nikkei is approaching our first resistance at 22630.1 (horizontal swing high resistance, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 20855.7 (50% Fibonacci retracement , horizontal swing low support).
Stochastic (21,5,3) is also approaching resistance where we...
Nikkei is approaching our first resistance at 22630.1 (horizontal swing high resistance, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 20855.7 (50% Fibonacci retracement , horizontal swing low support).
Stochastic (21,5,3) is also approaching resistance where we...
Nikkei is approaching our first resistance at 22630.1 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 20855.7 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (21,5,3) is also approaching resistance where we...
Nikkei is approaching our first resistance at 22630.1 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 20855.7 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (21,5,3) is also approaching resistance where we...
Elliott Wave view is calling an end to Nikkei’s rally from December 26, 2018 low with wave X at 21884. The Index should resume the move lower and should eventually break below wave December 26, 2018 low. Or at minimum, the Index should do a larger 3 waves pullback to correct the cycle from 19055 low. Down from wave X at 21884, the decline is unfolding as a zigzag...
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...
Nikkei is approaching our first resistance at 21016.0 (horizontal overlap resistance, 38.2% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 18360.0 (horizontal swing low support, 61.8% fiboancci extension, 61.8% fibonacci retracement).
Stochastic ( 55,5,3) is also approaching resistance where we...
Nikkei is approaching our first resistance at 21081.4 (38.2% Fibonacci retracement, horizontal pullback resistance, 100% Fiboancci extension) where a strong drop might occur below this level pushing price down to our major support at 20132.9 (horizontal overlap suport, 50% Fibonacci retracement).
Stochastic (89,5,3) is also seeing a bearish divergence and we...
Nikkei is approaching our first resistance at 21088.5 (38.2% Fibonacci retracement, horizontal pullback resistance, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 20132.9 (horizontal overlap support, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might...
Nikkei is approaching our first resistance at 21142.6 (horizontal pullback resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 20082.9 (horizontal overlap support, 50% Fiboancci retracement).
Stochastic (89,5,3) is also approaching our resistance where we...
Nikkei is approaching our first resistance at 21088.5 (38.2% Fibonacci retracement, Horizontal pullback resistance, 100% Fiboancci extension) where a strong drop might occur below this level pushing price down to our major support at 20085.8 (Horizontal swing low support, 50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we...
Nikkei is approaching our first resistance at 21088.5 (38.2% Fibonacci retracement, Horizontal pullback resistance, 100% Fiboancci extension) where a strong drop might occur pushing price down to our major support at 20085.8 (horizontal swing low support, 50% fiboancci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a...
