Cycle from 10.4.2023 low in Nikkei Futures (NKD) is in progress as a 5 waves Elliott Wave diagonal. Up from 10.4.2023 low, wave 1 ended at 32690 and pullback in wave 2 ended at 30405. The Index extended higher in wave 3 towards 33870. Wave 4 ended as a zigzag structure. Down from wave 3, wave (i) ended at 33200 and rally in wave (ii) ended at 33835. Index extended...
Which is the best market to invest in, Asian or European?
Recent economic data do not bode well for Europe: the eurozone economy is expected to contract in the third quarter and not return to significant growth.
Despite having avoided a recession following the Russian invasion of Ukraine, the eurozone is struggling with several problems.
Rising energy prices,...
Both Nikkei and HSI hit overbought and rolled over much like FDAX.
Usually I'm bullish for Fridays, but not tomorrow. I don't think it'll tank though because the market already did today. Probably a gap down then whipsaw.
not expecting a gap up Monday, so probably gonna wait until then to go long on anything.
Nikkei crossed over its late three month Channel Down pattern which according to the almost +30% rise that preceded it, may be the Bull Flag that technically follows and transitions into the next rally. The 1D technical outlook already turned bullish (RSI = 58.030, MACD = 173.400, ADX = 33.840) and as the 2021 fractal, targets the R1, or at least a little under it...
Short term Elliott Wave view in Nikkei Futures (NKD) suggests the Index rallies as a 5 waves impulse structure from August 18, 2023 low. Up from August 18, wave ((i)) ended at 32285 and pullback in wave ((ii)) ended at 31555 as the 1 hour chart below shows. Up from wave ((ii)), wave i ended at 31850 and dips in wave ii ended at 31620. Index resumed higher in wave...
The Short term view in Nikkei futures ticket symbol: $NKD_F suggests that the index is doing a bigger pullback in wave (4) to correct the cycle from the 03 January 2023 low. The index is expected to find the extreme in the pullback soon. Before it can start the next leg higher or it does a 3-wave reaction higher at least. So far the pullback from the peak is...
I walk through the pre-market prep and the price action that led to a big move on the Nikkei Index.
Learning price action means understanding 'WHO' may be trapped and where they will start to feel the pain and be forced to act and potentially close positions....that is when we want to initial a position to take advantage of the move.
The Nikkei index was a great...
The recent Nikkei rally is bringing it ever closer to that "magical" 30,000 level which it hasn't touched since the late '80s collapse.
IFF a breakout occurs, expect a collapse in all XYZ/JPY pairs - since, true to form, every equity/hedge fund in the world is expected to pile in.
Internal Chinese (export/import) numbers are showing a fair pick up in exports -...
Big spike into a recent new high (Not all time high, Japan has not made an all time high for 30 yrs - which is the reality of index market risk). This has formed in a butterfly pattern. Gives a good short zone for Japan.
#WaveAnalysis
#Nikkei225 reversed from support level 31600.00
Likely to rise to resistance level 33635.00
Nikkei 225 index recently reversed up from the pivotal support level 31600.00 (which stopped the previous sharp impulse wave (i) at the end of May).
The support level 31600.00 was strengthened by the two intersecting trendlines of the two daily up channels...
Hi guys
I hope you have a great week, successful trades full of profits that give good energy to a trader to pay more attention to his personal life.
In the market environment, you have to define the rules of the game and then create the discipline necessary to follow the rules!?
Even when the change in the market tempts you to trade just this time without paying...
#WaveAnalysis
#Nikkei225 broke long-term resistance level 30735
– Likely to rise to resistance level 33000
Nikkei 225 index continues to rise sharply after the price broke through the major long-term resistance level 30735 (former Double Top from 2021).
The breakout of the resistance level 30735 coincided with the breakout of the weekly up channel from last...
Short term Elliott Wave in Nikkei (NKD) suggests that cycle from 1.3.2023 low is progressing as a 5 waves Elliott Wave impulse. Up from 1.3.2023 low, wave 1 ended at 28715 and pullback in wave 2 ended at 26285. Wave 3 rally ended at 31695 as 1 hour chart below shows. Dips in wave 4 unfolded as a double three Elliott Wave structure. Down from wave 3, wave (a)...
Pivot: 31190.00
Our preference:
short positions below 31190.00 with targets at 30710.00 & 30400.00 in extension.
Alternative scenario:
above 31190.00 look for further upside with 31460.00 & 31670.00 as targets.
Comment:
the RSI advocates for further decline.
In this update we review the recent price action in the Nikkei225 and identify the next high probability trading opportunity and price objectives to target
Look at this Nikkei chart. SVB was mid-march right when Nikkei started rising. Most likely due to Yellen's special measures related to the debt ceiling crisis, where the G7 bought each others treasuries.
Buying financial assets in dips provides an inbuilt margin of safety. Enriching that trade is a currency that is hovering at its near lowest in a decade.
Expected equity gains compounded with Yen that is anticipated to strengthen will strongly propel alpha from the proposed trade setup in Japanese equities.
The P/E ratio based on next 12-months earnings in...
