i think it's likely to going up. i compare this index with spx500 too.
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...
The correction of Deep dive from 21600 to 19000 seems to be blocked by 20200 resistance. An ascending triangle pattern is being printed on H4 Chart. - Potential bearish continuation pattern. - Short at the potential breakout. Bullish breakout would be validated at 20225.
Nikkei short-term Elliott wave view suggests that the cycle from 10/01/2018 peak is showing 5 swings bearish sequence. This favor more downside to 19073-16773 100%-123.6% Fibonacci extension area to be reached in 7 swings before support for bigger 3 wave bounce is seen at least. The decline from 10/01 peak is showing overlapping price action thus suggests that...
Having broken out of resistance around the 23000 area and come back below it, the technical picture now looks muddled. For now we can say that we're in a rising wedge, and trend support is currently at the lower boundry.
Technical Analysis and Outlook Most Asian markets opened positive, while the Nikkei index is heading towards Mean Resistance 23499 after a higher closure on short covering and bargain hunting as expected. The Dead-Cat-Bounce stage advancement scenario might address the pullback target to Key Support 22316 or thereabouts .
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...
The Nikkei has broken out of its multi-month ascending triangle. If resistance at 24.2 zone can be overcome, targets are 24.4 area and 25.8 area.
Nikkei with a lot of upside potential. Room for a larger timeframe downward rotation in the near future, until that time i'll be fading dips at marked zones dependent on approach. Context is everything. Happy trading
Looks like the aggressive shorts might have have their way here. NB: I didn't short it. Range of High Volume Node was too wide for me as I'm not a swing trader
The Nikkei Index had left the positive trend channel after forming a diamond pattern. It fell on the support at 20.600 (fib retracement 61.8%) and rebounded on this level. Since march 26 it has risen with volatility and reached the lower limit of the trend channel. It took some days to break through this resistance and it is still not for sure that it´ll stay...
The chart shows monthly bars on the NIKKEI 225 future. The index is returning to the 21000 key level, a level its failed to surpass since 1992. Price is above its 52 week Moving Average, and momentum is up for the only second time since the 1980's. Whilst the rest of the Worlds post Global Financial Crisis recovery began in 2009, Japan's was delayed until the...
It is good to see the Nikkei index is doing exactly what we expected. It shall go to 22972, 22700 level. It has a better edge to stay on Short/Sell side right now. Trade Safe s0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities...
We are a massive rush in this index and almost of shorts get stopped out upon the breakout. Now it is forming a new base near 23,470 or 23,000 level. It is still in an obvious strong uptrend but it also "still" chances to swing back to these obvious levels; 23,470 or 23,000 level. DO NOT short with big lot size and ready to run if things do not look good....
short the nikkei at 23600 as all stock ,in oberboght + euphoria,maybe the mast rally before a big correction,but for now i will wait the real signal and play just sup and res But true that is very crazy in stock market like just in feb 2016 you put just 10 000$ on nikkei who was around 14500 and now 2 years after at 23500//humm you get a big jacpot and same for...