$NKY $NKD_F $NK_F $EWJ $DXJ $USDJPY
Negative RSI divergence in the Nikkei is worth monitoring,
Base on my analysis about S&P500. If I bet on the bearish trend of S&P500, the result of Nikkei225 is act in the same way because Nikkei225 and S&P500 has a strong correlation. Moreover, look at on the chart, there are lot of signals for sell of Nikkei225 now. all main indicators also show the same result: Strong divergence occurs. Thus, I believe Nikkei225 will...
Price is oscillating within PRZ after bearish shark completion. RSI crossed 70 level from above and is heading down. I guess we can see some price downswing.
Only few points is missing to possible bounce from the long term TL.
Starting a new impulse wave. Note that EW contracting triangle e wave was already complex, while only one of those waves inside of contracting pattern can be complex fifth wave should be running now. This is daily chart, but contracting triangle appears also in monthly chart. Upcoming QE Japan to power this.
There are two scenarios. My opinion is that wave 4 needs A-B-C pattern before big wave 5.
The deviation from USDJPY is too big
Will wait for price to come to me at 50% fib thats if it gets there to buy. If price breaks out to the downside will look to short.
The Yen and the Nikkei have been moving together for many months now. Actually the Yen has been leading the major price moves by a few trading days. The correlation can be seen in the symmetrical triangle that began back in May. Notice how the Yen tops and bottoms before the Nikkei. These moves are most obvious in points A, C, and D. Currently the Yen is...