JP225descending wedge on the 1h time frame
impulsive break to the upside
corrective continuation to the upside
Trade ideas
Liquidity Indicator: Time to turn bullishNI225 & HSI should reach correction Minimum soon. As well as other major World Indices.
More stimulus plans for Japan economyThey did it again ! Like the drug addict who got hooked to drugs, each time he took it , the next one he wants more stimulus, more drugs to satisfy himself. So , the economy works the same. With high inflation, low birth rate and the COVID pandemic, what else can the government do beside printing money? Allowing the stock market to crash is disastrous though this reset is necessary for new growth to starts.
With soaring property prices globally, how can the young ones afford to buy a unit to start a family ? Not to mention the costs of transportation, food, utilities, etc. Is wages increment matching all these inflationary costs ? I doubt so ........
Isn't what is happening in China currently with the government intervene in the costs of private tuition (read this article )
, improve housing affordability for the young people a trend that is coming strongly ?
Well, as traders and investors, this can be a good time to ride the trend and make the money!
Enjoy whilst it last
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OANDA:JP225YJPY
NIKKEI 225 Index Target Price 29974.90Nikkei 225 Index
Trend: Up
Level: EMA 10, EMA 20, Diagonal, Horizontal
JP225USD Due to the formation of the second wave of correction and the price is unable to climb further So after the price drops from $28,900, its value decreases a lot
LESSONS FROM HISTORY - Japan still down 25% from 1989 peakIf you consider inflation adjusted, Japan's stock market loss of purchasing power has to be much greater than 80% from the peak of 1989 with all the currency creation they have embarked on.
Could this happen to the US next? Possibly.
JP225USD Due to the breaking of the last High of the uptrend, the price is in a correction and returns to the previous floor Of course, to enter the selling position, you must enter safely
Nikkei225, Trade and trend ranges [2NOV2021]You can see in my previous plan where signal went extreme bullish.
Japan's economy is different from US. Modelling it quantitatively is also different. It is still seen as bullish by the signal at the moment, and the bullishness in the short and long term yields, I believe Nikkei will make a new ATH soon, but has a massive 3% downside potential too, so it's better not to go into margin with this one and shorting isn't a good idea either. Let's hope for a dip and see if we can get our hands dirty.
PS. Each box span a day, and the code gives short term and long term trends as shown. the trend is shown with the color of the box. The range is calculated on a daily basis.
If you want similar ranges and trends on your ticker, feel free to contact me, I will add them to my list and provide them when the signal is interesting (for free of course)
Redd
Signal - Nikkei - 1 November 21 - Sell The bigger timeframe pattern I see on this structure is a rising wedge.
Going to the smaller timeframe 1m
* I see a double top structure
* Second leg is formed by a rising channel
Going to 15m
* I see double top with the second leg bigger than the first leg
Going to 1H
* I see 1 hour retracement candlestick pattern
JP225USD Short | JP225 Short| JAPAN 225 ShortJP225USD Short Trade Marked On Chart
JAPAN 225 Short Trade Marked On Chart
GOOD RISK TO REWARD TRADE.
PLEASE DO YOUR OWN DUE DILIGENCE AND ANALYSIS, TRADE AT YOUR OWN RISK
