Nikkei is currently correcting the bullish advance from its August low, bulls will be looking for bullish reversal patterns at the current C wave equality objective just ahead of 29000, demand here would then set the platform for a minimum 5th wave objective of 31789. A failure to defend 28265 would warn of a more significant topping pattern opening a move to test 24180
Nikkei 225 - Great Trade Opportunity!
What a great set up, right? I've been shorting NI225 for while. If you're subscriber of our weekly newsletter, you probably got in earlier at a better risk/reward! If you are subscriber - Thanks I appreciate it and if you aren't you're missing out! I post my analysis late on Trading View for great trade ideas...Subscribe now...
As a company on the technical this is within a growth economy that has underperformed in 2021. I like this because it has a huge under evaluation and falls into a demand zone on the monthly. With a great sign of manipulation performed by monthly spring. With market structure break north side I look for a return to origin to buy. This 78.6% retracement should...
Model Forecast for NI225:
- Line of Least Resistance EW Corrective Wave found.
- Wolfe Wave at Top Distribution Level.
- Weakening rally rejected at top of channel.
- This time the support will break.
- US Markets to follow.
Soon the V's will stop. Easy come easy go.
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!
As Nikkei 225 keep pushing higher, it continues to extend negative divergent. Given the size of divergent, it projects pretty large drop in Nikkei. Break of current steep rising trend line should do the trick.
Have a good trade everyone,
SHORT this spread endlessly!!
Here is the Weekly
The "math" bears this out, readily! NIKKEI225 has a 13%-15% advantage - including FX - over the SPX. This is by far the best Equities/Risk spread out there if one must be long equities. (... which one ought Not to want to do under any circumstance, at these levels! :-)
Currently the best outlook of the developed markets.
- As opposed to the DAX and US Equities, the former being an absolute dog, the later under a mass delusion price wise.
E.g. If one must be long Equities, the proper spread would be LONG NIKKEI, CAC, SHORT Dow, DAX.
This spread has an annual 8%-10% advantage,...
📌 The Nikkei would have freed some space to the downside with a technical break last week, but given that we have not pierced the support line and buyers are still well-placed we must be wary of a retest in the highs of the multi year top at 24,000 - the same level we have been tracking since 2018!!
NI225 : Follow the uptrend. Look at my other analyzes, great profit :)
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I predict with the best probability the future trends, my ideas are reserved for the experienced trader. #UniversTrader
JP225 on the daily chart has retraced till the 0.382 fib level before moving in a consolidation range.
The market has bounced twice on the daily support creating a double bottom where it took the liqidity to start a new impulse to the upside.
If the market will break the triangle and consequently will break the upper daily structure, at the retest of it, we can...