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ThinkingAnts

"Top and Bottom Analysis" NIKKEI (NI225) by ThinkingAnts

Short
Nikkei 225 Index (TVC:NI225)  
ThinkingAnts  
TVC:NI225   Nikkei 225 Index
Trend Analysis Support and Resistance Multiple Time Frame Analysis Nikkei 225 CFD Nikkei 225 JPN225 CFD index
3
0
trendanalysis supportandresistance mtfa ni225 jpn225 index
4H CHART EXPLANATION:

Main items we see on the chart are:

- Price facing a Resistance zone on a possible Double Top Pattern

- Bearish Divergence on MACD

Based on this, if price breaks out the Ascending Trend line below 21300.0, we will be looking for short positions towards the Ascending Wedge Pattern at 20000.0, paying attention to the middle support zones at 20900.0 and 20400.0


MULTI TIMEFRAME VISION:

-Weekly
snapshot

-Daily
snapshot



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