As all Indexes had a strong bull rally from the lows, maybe the time to look for a correction here.
1. I would not short US indexes, because the US Stock markets are way stronger than NIKKEI for example.
2. YEN is on falling wedge support and last fibonacci support.
3. NIKKEI (as other indexes) facing zone of resistance here.
I look for weakness (break of first...
JP225USD has just confirmed a bullish bat harmonic pattern on the 1-hour timeframe.
The potential reversal zone (PRZ) is comprised of 3 ratios:
0.886 XA retracement at 21357.1
2.0 BC projection at 21370.5
1.618 alternate AB=CD at 21407.2.
Stop loss is set at the 1.13 XA projection, or 21216.0.
Take profit is set at two levels, management and...
View On Nikkei Stock Index(5 Mar 2019)
It has been going up recently and now we are at a strong resistant level of 21,765 regions.
That region may cause the market to pause and may even pull back down first.
If you want to long, I suggest you should rather wait at lower and strong support level such as 21,000 or even 21,200.
If there is any changes, I will...
View On Nikkei Stock Index (17 Feb 2019)
We are seeing possible further upside on Asian Stock Markets especially Nikkei Stock index.
It is indeed priming for a breakout.
The level 21,500 will act as immediate resistant but it shall be broken up sooner or later.
The next strong resistant (TP) region will be 22,250.
Do your own due diligence (DYODD), All the...
First scenario if we break the 21190 resistance we are looking 21270 and 21400 as target.
Second scenario we are looking to retrace towards 20940, then continue with our long position 21270 and 21400 as targets.
I prefer the second scenario over the first one to most likely to happen.