Priceline of Nikkei 225 index has formed a bullish shark and entered in potential reversal zone.
I have defined the targets using Fibonacci sequence as below:
Buy between: 20094.62 to 20460.02
Sell between: 20779.31 to 21503.43
Regards,
Atif Akbar (moon333)
Bulls failed when was trying to breakout of the consolidation. More longs covering may bring retest of 21200/20900 and two consecutive daily close below may even expose new LL below 19 000
Nikkei 225 is a bit tricky. Good fundamental data out of Japan such as dovish monetary policy, but weak export figures which is why its down today. Technically, we are well above most exponential moving averages, but stochastic reads overbought while momentum suggests we are still headed in an uptrend. Overall, not enough signals for one way or the other.
I think Nikkei will move in a downtrend next days and I have many reason for this claim
it's at a resistance zone . Broken support transform to resistance
it's near PRZ of the Bat pattern
The RSI indicator is moving in downtrend and touched the trend line.
Nikkei is approaching our first resistance at 20899 (100% fibonacci extension, 50% fibonacci retracement, horizontal pullback resistance) and a strong drop might occur below this level pushing price down to our major support at 18995 (61.8% fibonacci extension, horizontal swing low support).
Stochastic (21,5,3) is also approaching resistance and we might see a...
The NKY appears to be about four days ahead of SPX on a fairly precise timeline. (Both are futures, trading nearly 24h). Let's see how long the match lasts.
Volume divergences play very cleanly on weekly indices.
CME's NY1! tracks the Nikkei chart to a tee, with an added bonus of volume.
Regular bearish played out strongly and landed right on McGinley as support with an exaggerated bullish divergence to pop it back up. Although the author does not agree on using any moving average as a signal, this looks like a...
This is part of a series of charts which I will posting for the reader to make up his/her mind based on the weight of the evidence.
Do note, these are weekly charts which means the implications of which will occur over the next 12, 18, 24, 36 months.
Hello Traders,
Nikkei short-term Elliott wave view suggests that the decline to 22161 on 9/06/2018 low ended red wave 2. Above from there, red wave 3 remain in progress, nesting higher in an impulse structure. With lesser degree cycles showing sub-division of 5 waves structure in each leg higher i.e black wave ((i)), ((iii)) & ((v)) expected to unfold in 5 waves...
The Nikkei Index had left the positive trend channel after forming a diamond pattern. It fell on the support at 20.600 (fib retracement 61.8%) and rebounded on this level.
Since march 26 it has risen with volatility and reached the lower limit of the trend channel.
It took some days to break through this resistance and it is still not for sure that it´ll stay...
buy: if price breaks out of this pattern to the top with 1. aim 22.143 pt (fib retracement 78.6%) and 2. aim at 22.763 pt (swing trend line)
another active chart pattern is the existing trend channel which can be considered as strong because it has been tested on the downside several times and the index is sitting just on this limit; so a break of this line...
I had previously posted my longer term short bias in the USDJPY and NKY but we all need to be aware price action is full of ebbs and flows; it is almost never a straight line up or down. The near term charts of the NY1 (240M) suggests the index is trying to stay north of a 19-month long uptrend with the potential for a CD leg to test 23.4k. Watch out for the...
A 135 completion in the NK1! weekly chart coinciding with an ABCD completion in the ES1! weekly. The NKY is finally closing the gap with the USDJPY which looks like it is going to test the 100 handle again.
Nikkei - TrendFlex Active Range
TrendFlex Active Score: .95 (moderately bullish)
Price Momentum: Positive
Volatility Range: 21,929 (top end)
21,420 (midpoint)
20,918 (bottom end)
*Note: TrendFlex Active provides a quantitative approach to intraday analysis. By matching up an asset's active score,...
![NI225: Nikkei225 [Daily] Bulls: Failed today, in big trouble below 21k](https://s3.tradingview.com/f/FiQqCVFE_mid.png "Nikkei225 [Daily] Bulls: Failed today, in big trouble below 21k")
