docbeekay

docbeekay

Looks like a head and shoulders formation in play. Current short position to be closed @19.6000, and a long entry triggered with target of 20.500. A possible short position will be entered with long term target of 18.8000 to complete the H&S pattern. Happy holidays!

docbeekay Updated 

The rally on Monday saw this Asian market reach the daily resistance @ 12000. I am seeing the Index pull back to previous support at 11600 then bounce back to current resistance @12000. As to whether price will break this resistance we will see with price action but its highly probable

docbeekay

The rally to 5500 happened as expected, this is a major resistance point. Possible reversal to key areas 5450 and 5350 as indicated on the chart.

docbeekay Updated 

My personal favourite index . I am seeing price do a minor pull back to the 5450 range and head straight up to daily target at 5500. Possible movement during New York session but you never know. Cheers!

docbeekay

Quick short to 369.00. Head and shoulders in formation on 4hr and daily timeframe. Cheers