Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
Animal spirits are palpable in the Land of Rising Sun. Nikkei-225 smashed through it previous all-time-high set more than 40 years ago. Japanese equity markets have turned steaming hot over the past year after stagnation through lost decades. Strong foreign investment inflows, positive impact from the corporate governance reforms, portfolio rebalancing away...
Dear Friends, I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors. As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various...
NIK225 - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A Doji style candle has been posted from the base. Price action looks to be forming a bottom. The primary trend remains bullish. We look to buy dips. We look to Buy at 35980 (stop at 35760) Our profit targets will be 36530 and 36630...
NIK225 - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Price action looks to be forming a bottom. The primary trend remains bullish. We look to buy dips. Weekly pivot is at 35980. We look to Buy at 35925 (stop at 35685) Our profit targets will be 36525 and 36655 Resistance: 37020 / 37940...
Hello there, I hope you're having a great start to the new year. I wish you all the best in your trading ventures and a happy new year with your loved ones. I'm a fan of the Elliott wave principle, which I find interesting and useful for market analysis. I've developed my analytical approach by combining this principle with my personal experience and considering...
NIKKEI 225 trade idea for 20/12/2023. Major catalyst BOJ is out of the way now, Nikkei shows super bullish continuation from the monster move today. Text book bull flag break out just after the close to 500 points move after BoJ press conference. Price consolidated after that and shows another bull flag in the after hours trading. Plan for 20/12/2023 Entry:...
Hello! I am a big fan of the Elliott wave principle, which I find very interesting and useful for market analysis. I have developed my analytical approach by combining this principle with my personal experience and considering various scenarios that could occur in the market. While I would like to share my analysis with you, please note that I am not providing a...
Mirror Image: NIKKEI vs. BTC Upon closer inspection, you might be astounded by the uncanny similarity between NIKKEI, Japan's stock market index, and BTC, the poster child of cryptocurrencies. 📊 Leading or Following? NIKKEI's chart seems to be almost leading the way, showcasing patterns and trends that BTC later follows. This observation highlights the...
✅NIKKEI was trading in an Uptrend but now we are seeing A bearish breakout of a strong Horizontal support level of 32,000 So I think that the index will go down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Japanese index Nikkei 225 (NI225) is in a nice bull run since Uncle Warren loaded up on the cheap Japanese equities. The index made a top at 33770 and has been consolidating since then for the last few weeks. Recently the index made a triple bounce at the 50 day simple moving average with the last push happening on the day of the BoJ MPC meeting decision. The...
NIK225 - 24h expiry - We look to Buy at 32535 (stop at 32295) We are trading at overbought extremes. Previous resistance level of 33068 broken. A lower correction is expected. Short term bias is mildly bullish. Further upside is expected although we prefer to set longs at our bespoke support levels at 32770, resulting in improved risk/reward. Our profit...
W Formation formed on the Nikkei. We then had a strong breakout with high inclination. The price has since rocketed to our first target. 7>21>200 RSI>50 Target 32,652 It's still extremely bullish, but we can expect the price to come down consolidate in a range before we get the next buy signal. I'll let you know.
NIK225 - 24h expiry - We look to Buy at 28250 (stop at 28075) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. Preferred trade is to buy on dips. Our profit...
NIK225 - 24h expiry - We look to Sell at 28330 (stop at 28530) We are trading at overbought extremes. Prices spiked higher and stalled at resistance in early trade. Further selling pressure led to a reversal in price action. The current move lower is expected to continue. Preferred trade is to sell into rallies. The hourly chart technicals suggests further...
NIK225 - 24h expiry - We look to Sell at 28135 (stop at 28340) Buying pressure from 27458 resulted in prices rejecting the dip. We are trading at overbought extremes. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The hourly chart technicals suggests further upside before the...
NIK225 - 24h expiry - We look to Buy at 28098 (stop at 27940) Price action continued to range between key support & resistance (25535 - 28653) and we expect this to continue. Short term bias is bullish. Bespoke support is located at 28098. Preferred trade is to buy on dips. Expect trading to remain mixed and volatile. Our profit targets will be 28469 and...