Really simple bull flag set up, also for my followers you will notice the rvi bullish cross. look to trade the continuation pattern on the pullback or stop loss as placed. We may see some yen depreciation on oil strength as the catalyst for this move, look out for news events also.
In this screencast I review a number of indices: the ACWI, US30, NASDAQ100, India50, Japan225 and SPUBYUP.
The picture is pretty grim. Some say that the world is heading into a deep recession that's likely to be worse than 2008. Some of course say 'no chance'.
The India50 and the Brazil60 are the two main indices, yet to take a nose dive.
The India50 is...
Japan225 - Bearish Trend Scenario
Japenese index Nikkei225 recently broke and retested an ascending triangle pattern on the daily chart suggesting more downside for this index and also big strength for jpy pairs according to their correlation. If you look at the weekly chart of japan225, you can see the trump rally has lost its momentum with multiple...