IN this update we review the recent price action in the Nikkei225 futures contract and identify the next high probability trading opportunities and price objectives to target
In this update we review the recent price action in the Nikkei225 futures contract and identify the next high probability trading opportunity and price objectives to target
In this update we review the recent price action in the Nikkei (futures contract( and identify the next high probability trading opportunities and price objectives to target.
Since 2018 NKD1! has been posting diminishing returns within their market. Though, these are new times none of us have witness when it comes to new economic and monetary policy. Do we reject this trend and print yet another lower high? Or does the Japanese market breakout? What is interesting is that during the US market correction that occurred at the start of...
Sellers have been very strong on the drive down and now breaking lower again with a 3 press low is beginning to show signs of slowing. Each consecutive low is less distance than before and rounding off and it just so happens to be occurring at the channel lows. Buyers are under pressure here and this is a last ditch for them. A break below the low would be a...
Japan is the best in many things, but obviously not in stock prices...
BUT!
Nikkei 225 Index is now looking bullish, we're seeing a support resistance role reversal here.
A cup&handle pattern that took 24 years long to form is finally breaking out.
We've got measured target from the formation of 35,000, and from there we may see new all time highs on...
Elliott Wave View of Nikkei (NKD_F) suggests the Index ended the cycle from April 2 low as wave ((3)) at 23630 high. Currently, Index is doing a pullback in wave ((4)) to correct against that cycle. The correction is proposed to be unfolding as a double three Elliott Wave Structure. Down from wave ((3)) high, wave A ended at 22960 low. The bounce in wave B ended...
Trading within an 8% range from its June peak. Nikkei 225 futures failed to form a new high this week.
MACD bullish crossover earlier in the week puts the histogram in the green...
Short term Elliott Wave view of Nikkei (NKD_F) suggests that the rally from 5.14.2020 low is unfolding as a 5 waves impulsive Elliott Wave structure. Up from 5.14.2020 low, wave (1) ended at 20830 and pullback in wave (2) ended at 20247 as chart below shows. Internal of wave (2) unfolded as a double three (double zigzag). Down from wave (1) at 20830, Wave W ended...
The futures of Japanese index Nikkei 225 (NKD) it's been traded mostly bearish. During this month, NKD eases 4.98%. In this post, we'll review the short-term Elliott Wave structure and what to expect from this index for the coming days.
Dollar (which is still in uptrend) should help a possible Nikkei rebound in highlighted area. Will look for setup in 4h to 30min chart. Remember:no setup no trade.
The Global Stock Market's (excluding US) Monthly RSI is Entering Overbought Territory. While not as extreme as VT, I would be careful about going long here in developed markets or emerging markets. For a while longer, I expect it will outperform the US but I think it will for in upcoming months. The ECB is planning (that may change if stocks or especially bonds...
