Today's price action, wave v does not seem to be completed yet.
As SQ is due next week, CALL should win again, big. If this is correct, wave v should be diagonal, 53535. Heading to 32000 area.
❗️This is a short time trade, 7 days max before SQ. I must close position if it breaks and stays below 30773, 78.6%, a typical diagonal retrace %.
Japan1 is trading at a 33-year high, despite a challenging global macro backdrop. At 15x forward Price to Earnings (P/E) ratio, Japan has been trading at a valuation discount versus global peers, for a considerable period of time. We are finally starting to see a number of catalysts help narrow the wide valuation gap versus global peers – an improvement in...
Classic example of the #Fiat #Illusion.
Stop being blind, price EVERYTHING in #gold.
Notes
nominal Nikkei rocketing upwards
yet going NOWHERE priced in gold
20 year descending trend line
NI225 has now arrived at a massive resistance while showing weakness in the price action on a long time frame. NIKKEI can make a correction to the labeled support zone in the mid/long term.
NIK225 - 24h expiry
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A lower correction is expected.
We prefer to consider the medium term trend and expect buying interest to support as prices move lower.
Weekly pivot is at 30753.
Further upside is expected although we prefer to buy into dips close to the...
JPN225 has been going strong from early year. By looking at the 4 hour chart, we found out the trend is going slow right now and moving downward. Is it the best time to short nikkei? Let see can we make it the right prediction?
NIK225 - 24h expiry
We are trading at oversold extremes.
A higher correction is expected.
This is positive for sentiment and the uptrend has potential to return.
The 50% Fibonacci retracement is located at 30124 from 28893 to 31355.
Further upside is expected although we prefer to buy into dips close to the 30125 level.
We look to Buy at 30125 (stop at...
Pair: JP225
Analysis: Chart Patterns + Highs & Lows + Impulses & Corrections
Directional Bias: Short
Entry: Continuation Corrective Structure after the breakout.
⚠️ Do your research and apply proper risk management as nothing is guaranteed in forex trading. As we have often said, this is a high risk venture and past performance is not indicative of future...
As the world remains engrossed in the unfolding drama of the debt ceiling, we believe another event of significance deserves our attention.
Let's take a brief detour into the annals of economic history, looking at the era of Abenomics. This term refers to the monetary policy instituted during Shinzo Abe's second term as Prime Minister of Japan. Abenomics rested...
Short retest on a 2-year consolidation.
Short retest on a 2-year consolidation.
Short retest on a 2-year consolidation.
Short retest on a 2-year consolidation.
Short retest on a 2-year consolidation.
On Friday, the Japanese stock market index Nikkei 225 once again updated the maximum of the year. During this week, the bulls have overcome:
→ the psychological level of USD 30k;
→ the 2022 high around 30,800.
The strong momentum in the Nikkei 225 market is driven by:
→ the weak yen;
→ a strong reporting season for Japanese companies;
→ the news about...
Nikkei, the price is in the strong resistance zone. If the price cannot break through It is expected that in the short term there is a chance that the price will fall. Sell the red zone, targets 29935, 29486 and 29122. >>GooD Luck 😊
Selling jpn225 for the price-gaps fill. It is normal for the price to correct after a strong bull run. I also see some rejection in the current area, implying resistance. This is my analysis, and I have decided to share it with you so you can tell me your opinion. It is NOT investment advice. Also, to help those who spell advice with an "s".
Nikkei 225 continues to outperform other Indices
JP225 has been trending up since the third week of March. Economic news from both the US and Japan are the contributing factors to the bullish trend. In the short term, a breach of 30,000 seems likely.
There are strong first-quarter earnings, coupled with the dovish Bank of Japan. Elsewhere in China, the numbers...
The Japanese stock market topped in 1989 and was in a bear market until 2009 from when we have seen a rally. Could the rally be about to end? One way of drawing it as shown here is a down trend channel using the two major lows of the bear market as point to connect. There is divergence on the RSI.
NIK225 - 24h expiry
Selling pressure from 29249 resulted in all the initial daily gains being overturned.
The current move lower is expected to continue.
The bias is still for higher levels and we look for any dips to be limited.
The trend of higher lows is located at 28562.
Preferred trade is to buy on dips.
We look to Buy at 28805 (stop at 28665)
Our...
