The NIKKEI 225 (JPN225) weekly chart shows the following signs: Exactly from 6/2013 NIKKEI had been in two channels with different trends. Now it seems to change the trend one more time for upwards. Technically RSI>50 and MACD will be bullish on Monday. Last week the Index with a long candle got over the Tenkan Sen. Next target it seems to be the Kijun Sen at...
Here are some trade setups that I thought you might want to consider: SETUP FOR TRADE: 1. 2-Month low for range movement indicator. 2. CCI reading > +100 3. Break previous day's low. 4. Risk 3 Average Ranges. 5. Cover when CCI <-100. 6. Or Trail stop by 3 ATR behind lowest close. This generates a few trades with the first being a losing trade. The...
The Nikkei 225 Index (JPN225) is in critical point just on the top o KUMO, with long signals from MACD and RSI. The weekly chart of JPN225 is more positive because is over the KUMO and it tries to reach the Kijun Sen. The JPN225 will force the bullish movement If it get over the KUMO the next days. Otherwise some more consolidations is in favor in the cloud. If it...
With all eyes focused on the underperformance of the IWM, I'm more concerned about the potential breakdown in the Nikkei.
Here I think it is ready for move higher vs gap pivot point at 14, 359. First target could be descending trend line then swing high at 15, 164
I think Nikkei 225 will have its Final wave 5 uptrend if Wolfe line breakdown target will be supported above 11408.10. Wave 5 target will be Fib. 61.8% of wave 3 + bottom of wave 4 which is 16572.13. Nikita FX ( climbingfx.jugem.jp )
Nikkei 225 has already done its breakdown through 2nd Wolfe line (Q ) which was faster than USD/JPY. Two parallel Wolfe lines has 2735.85 in width, therefore descending target will be at 11514.15. Nikita FX ( climbingfx.jugem.jp )
Swing high target, 100% retracement Price : 14521 , Time: 22/4
We're seeing some signs of weakness in equity indices around the world, and thus potential opportunities to short. Below is a chart of the Nikkei. A pattern of lower highs is in place, and the market closed at a critical support level. I would expect the market to rally a bit from here, and set up short opportunities at the upper trendline (in purple) or at the...
Nikkei 225 has done with its 4th magic breakout-try since 1991 Sep. The long term chart is a breakout pattern of W-shape (with double bottom ) neckline. The target will be 25887 if 12283 (2013.06/03 ) is supported. Nikita FX ( climbingfx.jugem.jp )
Nikkei 225 has almost finished wave 3-sub-5, so next move is wave 4 up. Wave 4 target will be Fib. 38.2% retracement: 14418 area. Then Final wave 5 goes to (Fib. 61.8% of total wave 3 ) 13674 area. Nikita FX ( climbingfx.jugem.jp )
Japan offers a different bet, when compared to US, Europe and Australia. The Nikkei has been in good correlation with the US market, but when the US market reached previous highs, Japanese market only retested a broken support, current resistance (15000 area) . This shows that Japan has become weaker than the US. Look at the bottom indicator, correlation...