I am trying hard to identify a point of reversal of S&P and since I don't find any yet I decided to look at JPN225 for its wave count as well, as anyway the markets will all reverse at the same time. JPN waves seem a little bit clearer, at least there is an ending diagonal with a nicer wave structure than in S&P.
I think there is still one wave up to go, possibly...
Here on the Japanese index we got a Bat pattern setting up where we are going to buy it up from previous support / structure level, but we still needs to wait for it to come down a bit more and the RSI come more close to the 20ish oversold condition, but its not a must for taking the trade.
Comments good or bad are welcome
Kind regards
Thomas Jeff
Here we got a Bat to look out for tonight, its against trend so we only go for target 1 to protect capital. RSI is on its way to over bought condition.
Today we got a hit on the AUDCAD Bat, but got a target 2 winner in a Bat on GER30 index. Currently we are in a short position on a Cypher on USDCAD. And we just entered long on a Cypher on EURUSD so lets see what...
The Forex markets have been kicking my tail this week so I decided to take a look at some other markets simply to clear my mind. Conducting technical analysis is actually a stress reliever to me, when I get do it on something that I don't trade. A few of my clients have expressed that they trade many of the indices, which lead me to the Nikkei.
Initially the...
Nikkei seems to get back in line again after a short breakout on the downside meeting the EMA62.
In order to continue it's trend it needs to stay between the two grey lines which were formed in the beginning of January.
I am long with a first target at 19000.
SL just below the EMA62
Feedback/Ideas?
Nikkei 225
- Clear Bearish Divergence (Price making higher highs while RSI is making lower highs).
- I am interested in Shorting the Index if it breaks 17093 ( the most recent swing low).
- On a break of the lows and the trendline, I will wait for a pull back to re-test the level again then issue my short position to 16425 area.
- The trend remains bullish. This...
The NIKKEI 225 Japan Index (JPN225) 4h Diagram Technical Analysis Training shows the following:
The JPN225 index has made a reaction from 15350 towards to Kijun Sen/EMA 200 and it breached them both.
So the first think in mind is that JPN225 is approaching KUMO with this V reaction.
We have no special candlestick pattern. MACD is bullish and RSI = 50 looking...
The NIKKEI 225 Japan Index (JPN225) 4h Diagram Technical Analysis Training shows the following:
The JPN225 index seems to give up the effort to breach the 15930 target.
So the first think in mind is the KUMO approaching. MACD & RSI are both marginally bearish.
We have no special candlestick pattern.
There is no special diagram pattern.
The indicators...
The NIKKEI 225 Japan Index (JPN225) 4h Diagram Technical Analysis Training shows the following:
The JPN225 index has made a reaction from EMA 200 towards to Kijun Sen and then it declined towards again to EMA 200, finding support at Tenkan Sen. The index is into the KUMO.
So the first think in mind is that JPN225 is into the KUMO without a clear trend.. MACD &...
The NIKKEI 225 Japan Index (JPN225) 4H Diagram Technical Analysis Training shows the following:
The JPN225 index has made a sharply reaction from Friday towards to KUMO cloud above the support line. The weekly diagram is neutral.
So the first think in mind is that JPN225 will or not find resistance from EMA 200 first. MACD & RSI are both bullish.
We have no...
The NIKKEI 225 Japan Index (JPN225) Daily Diagram Technical Analysis Training shows the following:
The JPN225 index has made a long movement above the KUMO cloud last month but a decline movement toward to Tenkan Sen has happened last week. Now the Index has breached the support line and stopped exactly on the Tenkan Sen (light green). The weekly and monthly...
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...
