✅NI225 is going down now
But a strong support level is ahead at 31,874
Thus I am expecting a rebound
And a move up towards the target at 32,600
LONG🚀
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after the sharp drop in the indices we expect a rebound in the J225.
we will wait for a rebound to seek entry in shorts when the time is right.
The low rating given by Fitch to the USA from AAA to AA+ has pushed the Sp500 down and with it the other international index.
The price marked a low at 31677 . what we are looking for is that the price goes directly to...
Central banks packed quite a punch last week. Unlike the Federal Reserve and the European Central Bank that raised policy rates by 25Bps, as was widely anticipated, the Bank of Japan (BOJ) on July 28 unexpectedly decided to tweak the Yield Curve Control (YCC) band.
The BOJ begins its withdrawal from YCC
It will now allow some deviation above the long-term rate...
NIK225 - 24h expiry - We look to Buy at 32105 (stop at 31905)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
We are trading at oversold extremes.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Indecisive price action has...
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US TECH (1 day)
US Tech bulls failed to reclaim 16k, but remaining above 15375 keeps the chances of a takeover high. Soaring higher will expose 16250, while a slide might open up...
Fundmental:
Given the Bank of Japan's decision to maintain ultra-low interest rates while adopting a more flexible yield curve control policy, coupled with positive market reactions and the potential for policy normalization, there is a strong possibility that the JPY225 index will rise in the coming days. The move indicates confidence in Japan's economic...
Japanese index Nikkei 225 (NI225) is in a nice bull run since Uncle Warren loaded up on the cheap Japanese equities.
The index made a top at 33770 and has been consolidating since then for the last few weeks. Recently the index made a triple bounce at the 50 day simple moving average with the last push happening on the day of the BoJ MPC meeting decision.
The...
This does look like a possible retracement but the bulls might be in this one if Russia doesn't surprise us with some impact news today. If no up move comes with higher volatility I might revise this for an exit in case this is not a reversal of the down momentum.
NIK225 - 24h expiry - We look to Buy at 32535 (stop at 32295)
We are trading at overbought extremes.
Previous resistance level of 33068 broken.
A lower correction is expected.
Short term bias is mildly bullish.
Further upside is expected although we prefer to set longs at our bespoke support levels at 32770, resulting in improved risk/reward.
Our profit...
Problem with monetary fiscal policy and debasement? your markets start to hyperinflation especially when you try to patch previous bubbles *cough* QT *cough* BTFP *cough*
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The average net yearly income of Americans during 1930 was...
Asset: JPN225
Analysis: Chart Patterns + Highs & Lows + Impulses & Corrections
Directional Bias: Long
Entry: Continuation Corrective Structure after the breakout.
⚠️ Do your research and apply proper risk management as nothing is guaranteed in forex trading. As we have often said, this is a high risk venture and past performance is not indicative of future...
Hello everyone,
I hope your week is going well and that you're experiencing success with your business deals.
I've analyzed some data using the Elliott wave principle and wanted to share two ideas with you.
You can find all the relevant information in the chart attached.
I appreciate your ongoing support and wish you all the best!
