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As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
During today's Asian trading day, Japan's Finance Minister expressed concern over the yen's remarkable weakness against the dollar, reaching a 34-year low. Faced with this situation, the Japanese government is considering taking decisive measures, "Decisive Steps", as expressed by Shunichi Suzuki in autumn 2022, and November 2023, when it intervened in the...
NIKKEI-225 Analysis Indicates Possibility of Correction from Historically High Levels
On March 21, the value of the Japanese stock index reached a historical maximum, exceeding the level of 41,100 points. This was facilitated by:
→ Weak yen supporting exporters. It increases the value of profits earned abroad for a large number of companies that sell their...
Nikkei (NI225) has given us one of the best long-term trades last year (May 26 2022, see chart below), as we gave a signal for the most optimal buy entry one could expect, on the 10 year (since October 2012) Higher Lows trend-line, and from 26000 it has now surpassed 40000:
The question is obvious: what do we do from here, especially after the remarkable...
Japan recently officially announced a recession and then the BoJ raised interest rates for the first time in 17 years.
Which, of course, means Nikkei makes a new high for the first time in 30 yrs.
Because nothing is ever allowed to make any sense.
But maybe this is a massive crab pattern...
Which would make this a massive high.
Could be a larger...
- The Japanese benchmarks has been registering higher highs and lows since 2023, the long-term trend is therefore bullish.
- Since the bullish breakout of the flag pattern, prices have accelerated to a new all-time high at 40,470pts.
Since then, the market pulled-back over 38,525pts, mostly driven by profit taking following a sharp rally, as well as anticipation...
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J225 Bearish idea, price change structure as per 30M bullish to bearish, our entry at current market price, stop loss and target price are mentioned on chart.
Looking to long the Nikkei from 38750.
Indices are pushing strong at the moment across the board, and there is no reason yet to be bearish until a drastic shift in structure or in the fundamental outlook globally.
Stop Loss on this position will be: 250 points to cover the H12 50MA
Looking to take profits above the high for continued strength.
Confluences: ...
Previous long area did not the support the JPN225 therefore interest is now aligned to the next area of long interest in the JPN225.
COT data released Friday, shows us that institutions have been adding long positions to the JPN225 suggesting there is still a potential for a higher movement.
Confluences for this area of interest to long:
Big 23.6% fibo
Retest...
After studying JPN chart for good amount of time, I came to conclusion that the price will go up in the next few days then, there's a high probability of reversal. After going up steadily for two months, the price has broken the structure and made L, LL and LH in all major TFs. The RSI showing a strong reversal divergence in M, and W and interestingly, bullish...
Reason:
Market structure bullish
Fair value gap (2h timeframe)
break of structure
COT have been buying it long last week which tells us that bullish momentum will most likely continue
1. 4hr bearish ob
2. Imbalance below
3. 4hr SSL
4. 1hr SSL
5. 30min SSL
Looking for sells, but may want to tap into my 30min OB before taking that 30min SSL below.
