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...
I entered long at roughly the price on chart. Green impulse on all 3 time frames. This is about to break out!
During Sept 2001 - Mar 2003, price made a lower low. DMI - Directional movement index made higher high for +DI (green) while -DI (red) made a lower high which is a bullish divergence for the index. After about half a year of "squeeze" period in 2005 as shown in Bollinger Bandwidth indicator, DMI further crossed over with +DI moved higher and crossed ADX smoothing...
(I haven't pretended to make this posh) It seems clear from the triangle it's currently moving up to a new multiyear high, from a wave (iv). Whatever this does could be THE most important wave count in the markets right now, because it relates to the wave count in the Yen crosses, the USDJPY esp. and so to the dollar, and the stock markets and so on ... Wave 5 -...
A sell-off of the Nikkei from here could give back ALL the gains from the surprise QE.
BOJ is exporting deflation to the rest of the world and has also lifted all global stocks as BOJ has said it will be buying global stocks and bonds. It looks like the 33 plus year bear market in the NIkkei may be coming to an end.
Nikkei 225 has broken its Wolfe Line (upper Blue Line), therefore it will go down to the extension of the Green parallel channel bottom at 12021. Nikita FX (climbingfx.jugem.jp)
12/5 uptrend_line support. Three Drives pattern potential. Daily 200 sma. ( just for relative reference, S&P500 200 sma is around 1207) Daily RSI 32. ( Double bottom 8/8 ) AB=CD potential completion at 0.618. 1.272 expansion first wave, top. Cloud support. Weekly 50 sma support. Weekly RSI at 53. ( double bottom 8/8 ) Target_1 : (50 sma ) - 15823 Breaking...
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...
Long term trade, I believe Nikkei respected a really strong resistance and formed a double top with divergence. divided in 3 units with different TP, stop is moved to target hit as positions are closed. even though its a high risk trade offfers a great RR and I think its worth take a shoot.
The bearishness of this chart is obvious. Class A bearish divergence, followed by a class B bearish divergence, with 2 false breakouts over 16000. Impulse is already red. I am short this market from these levels( a bit over extended on the daily) with a stop above the high. I expect at least 14000! The top in 2007 was very similar to the current top
Long long term trend line that has been validated twice is liken to concrete wall. To break the wall, price and momentum both must move up in tandem. Recently, Nikkei 225 broke through the long term downtrend resistance line & 16000 psychological resistance level, Aber thought Japanese economics has seen a silver lining. But MACD is showing a warning of bearish...
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...
Nikkei 225 is still making wave B top. Wave 3:15942.60---8135.79 Wave 5:16320.22--12415.80 Wave proportion: Wave 5 is 50.01% (Fib.50%) of Wave 3----therefore Wave 5 top at 16320.22 had already completed. So it is now consolidating within the long term resistance line & Wolfe line. Consolidation must finish around mid Nov. Nikita FX (climbingfx.jugem.jp)
Friends, Recently, we entertained a lot of conversation on market geometries, more specifically in discreet geometries that easily come to the eyes, and others a bit more buried in the occults. Of late, we spent some time reviewing Wolfe Waves patterns, which offer the pattern trader that "next level" of market geometry complexity, given a set of rules that are...
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 &...