Nikkei consolidates its upward movement of recent months in a daily range between 30500 and 33800.
We buy the low at 30500 and short the high at 33800.
-If a bullish break of 33800 the scenario is canceled and the next medium term objective will be 38000
- The market is moving sideways, with no new lows or highs since summer 2023.
The long-term trend remains neutral.
- In the shorter term, the market is locked in a trading range (orange) of around 1600 points, framing prices between 32,230.0pts and 33,855.0pts.
At the beginning of December 2023, after hitting the lower limit of its trading range, the market...
Hello there,
I hope you're having a great start to the new year. I wish you all the best in your trading ventures and a happy new year with your loved ones.
I'm a fan of the Elliott wave principle, which I find interesting and useful for market analysis. I've developed my analytical approach by combining this principle with my personal experience and considering...
"Observing a bullish sentiment in JP225 with a potential market structure shift. Considering entry aligned with Fair Value Gap (FVG), setting stop-loss below recent swings, and eyeing recent highs for profit-taking. Trade cautiously, manage risk. #JP225 #TradingStrategy 📈✨"
On January 1, 2024, Japan experienced a significant seismic event, a 7.6 magnitude earthquake. The aftermath is still being assessed. Examining past earthquakes reveals a pattern: after the 1995 Hanshin Earthquake, the Nikkei dropped by 19.75%, and following the 2011 Tohoku Earthquake with a magnitude of 9, the Nikkei declined by 18.49%. If history repeats, with...
Market has been hitting All-Time-Highs.
Trend is still bullish.
Aggressively add to original position if in profit, once price has found support.
Avoid adding to original position if negative.
Last time we looked at Nikkei (NI225) for the long-term (May 26 2022), it gave us the most optimal buy entry we could expect (see chart below), as it bounced on the 10 year (since October 2012) Higher Lows trend-line, and from 26000 almost hit 34000:
The index has since seen a 4 month correction (from July to October) to the 1W MA50 (blue trend-line), which...
Nikkei have change to go lower as it hits the top of channel in the 4 hour timeframe.
Overbought in RSI with chance to close gap form 2nd Aug.
Setting a good sell limit at 33150 zone, with the 2nd previous high as SL. TP will be at the bottom of the channel giving a 1:3 RR.
NIKKEI 225 trade idea for 20/12/2023.
Major catalyst BOJ is out of the way now, Nikkei shows super bullish continuation from the monster move today. Text book bull flag break out just after the close to 500 points move after BoJ press conference. Price consolidated after that and shows another bull flag in the after hours trading.
Plan for 20/12/2023
Entry:...
By short the market, I mean to short the S&P500 and the Nikkei (JPN225).
Reasons for shorting these markets is alignment and the extreme overbought state it is in at the moment. This is not a bear market prediction, simply using the end of the December bull seasonality factor with alignment of the markets.
SP500 Short confluences:
All time high
Duplicate...
Hello!
I am a big fan of the Elliott wave principle, which I find very interesting and useful for market analysis. I have developed my analytical approach by combining this principle with my personal experience and considering various scenarios that could occur in the market.
While I would like to share my analysis with you, please note that I am not providing a...
