Nikkei Update for upcoming week....
H1 Uptrend channel was broken last week Friday....
And H4 chart potential bearish bat formed... we have to wait whether H4 PA will able to break IC and FIB 0.382 Level.... If it does break Pa might test daily support line around 0.618 Fib level which is 17070....
Monday open will tell us further detail ....
On Monday we might this move....
After breaking fib 0.618 level from December 26 high and January 6 low. We might see the price retest December 26 high again....
This is a quick long trade, as you can see price has broken out from the channel which signifies bullish momentum. The RSI is significantly oversold on the daily candle. Also a morning star has formed on the daily candle as well. target is for 17505 where immediate resistance is. This is all of the bounce of the support 16423
Price has hit target.
JPN225 is approaching its psychological support level of 17000. The 1H chart will complete Bat Pattern creation around 17100 area. Once this support kicks in, bouncing back to 17300 level may be a possibility. Stop can place just below 16950 area that is protected with the psychological level + 1.27 extensions.
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 (JPN225) Index made a good for Long players movement.
It reacted on the Kijun Sen Support with the same pattern as 30.05.2014. Over the Tenkan Sen is a strong bullish Signal.
The MACD is without any divergence between the lows and highs of the one month period 4H movements.
I think that a great way is opening for long players.
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...
