after breaking the support line and making a pull back i think that the trend line oing short
Measuring objective and good confluence w/ previous value areas target 3560-3573.
Denka Ltd. Is now at the 50% low-high level of recent Jan 2018 swing high (dashed red line / 3263). A rejection at these levels will target the longest line volume profile around 2,000.
Buy CHINA CONSTRUCTION BANK CORPORATION
Hitachi Ltd (6501 - Tokyo) is in Technology stock in Japan, which in WXY pattern in Weekly time frame from 2010 low and currently in Y wave up in ABC sequence. Price is in C wave up, which confirmed when it completes five wave sequence in smaller time frame say 60 min. In 30 min time frame it made A wave up followed by complex B wave. Now C wave up is in progress...
If the market goes down to the area coloured in red , there is a higher probability that price will bounce back up from there ,especially from the two horizontal red lines and the area between them . That's why I think the area coloured in Red respresents the optimal area to buy at for people interested in buying TSE:9437 .I think the two thick horizontal red...
Mitsubishi UFJ Financial Group was in 4th wave triangle, which was over. It is in now 5th wave down which is only confirmed when triangle will broken down. This 5th wave is the part of C wave major down in daily time frame as ABC correction down. The better odd for this set up is that it’s under-performer to Nikkei index.
SojitzCorp (2768 - Tokyo) is 5th wave ending diagonal structure and progressing in overlapping wave sequence. It is better for pattern that it under-performed to Nikkei index.
Buy long position holds first target 23500 second target 24200 third target 24700 final target 25000
I'm just learning. Anyone disagree with my analysis? Feedback welcome!
Dentsu Group ( 4324 - Tokyo) is in 5th of C wave down of Y wave in Weekly time frame from the top made in 2015. As shown in chart the 5th of 5th wave of C down is in progress after 4th wave completed in ABC correction. It is a huge under-performer to the market and easily made a new low if it retained the invalidation level (red line).
Macnica has more assets , after debt, than it's market cap is worth. You wont find a deal like this ever again. Reports indicate good earnings results and outlook. Trade at your own risk.
Mitsubishi UFJ Financial Group is in Y wave down in Daily time frame, which is moving down in ABC down as shown in chart. Impulse A down and B correction was already over. Price is now moving down in C wave. Wave 2 is in progress.