NIK225 - 24h expiry 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. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Further upside is expected although we prefer to buy into dips close to the 38910 level. We...
1. Daily bearish ob 2. 4hr bearish ob 3. FSH 4. Imbalance below to be filled 5. 1hr SSL 6. 15min bearish OB
On Friday, the rising sun market surpassed a significant milestone at 38,957.44 points, surpassing the 1989 trading level , just before the so-called "Lost Decade". During the period from 1991 to 2001, Japan experienced economic stagnation and price deflation, from which it emerged, albeit at a slower pace compared to other industrialized nations. In terms of...
The FX:JPN225 index is currently offering a modest discount following a nearly 10% return to investors in February, raising the question of its investability. A key metric to watch is the Topix Bank Index TSE:TOPIXB , which gauges the health of the financial sector. Despite today's slight decline of 0.50% in the FX:JPN225 , Japanese banks continue to perform...
It has been a delight to see this unfold particularly in light of fractals
Time to looks to Short or look for shorts in Nikkie index/jap225. Price has finished the price cycle now I'm waiting for bearish divergence on daily rsi to start shorting ofc all after LTF price action confirmation
Japanese equities ended 2023 on a high note. Japan’s post pandemic re-opening, accommodative monetary stance, high equity risk premiums and improving corporate governance reforms were important tailwinds for Japanese equities in 2023. Over the last 12 months Japan has benefited from global investor inflows who are diversifying their investments in Asia, with...
I ended up taking small sells due to the 30min bearish ob that was constantly being tapped. I took my profits at a SSL that I spotted on the 5min. Isn't marked but price respected my bias.
1. Overall buy 2. 4hr BSL 3. 30min bullish ob 4. descending channel
15 Minute Chart with the Ichimoku Indicator overlay. I think it probable that these gaps will get filled during the Australian/Asian Sessions. My overall narrative is: *Price will retrace into the Daily/Weekly imbalances. *I have Alerts set at the Fair Value Gaps because I may trade the first Hour of the Asian Session.
Price Action on the 15 Minute Chart with Fair Value Gaps.
This is Price Action with an overlay of the Ichimoku Indicator. (Notice the (Death Cross)
The 1Hour chart shows the Fair Value Gaps below price AND the ones being created in the retracement lower.
This is an overlay of Price Action using the Ichimoku Indicator.
This is a view of the Daily Chart price action. I think it probable that price will retrace into this area throughout the Week.
This is the Weekly Chart overlay with the Ichimoku Indicator.
Using the Weekly and Daily Charts as my Mother Charts for this week's trading, I am forecasting a pullback in price. I am using ICT Concepts for my Price Action Analysis with an overlay of the Ichimoku Indicator to show Levels and Trend direction.
NIK225 - 24h expiry Short term bias is bullish. Levels close to the 50% pullback level of 37636 found buyers. Preferred trade is to buy on dips. The trend of higher lows is located at 37190. Further upside is expected although we prefer to buy into dips close to the 37640 level. We look to Buy at 37570 (stop at 37290) Our profit targets will be 38270 and...