NK1! trade ideas
Nikkei at a crossroadTiming. #Study. Long setup at the break of horizontal trendline. Stop according to the timeframe driving your trade.
NKY Futures: Potential short term bounce to test 23.4I 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 double witching in OSE futures and options this Friday, should be interesting.
NY1!: Weekly 135 completion 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.
Nice Nikkei MoveOff Monthly VWAP (yellow dots). 200-300 points out of this. $NIKKEI $SPY $TLT IWM $QQQ $VXX $USDJPY
Make up your mind bro$SPY $TLT $VXX $QQQ $IWM I keep... falling in and out... of the wedge, with you.
NIKKEI 1h Supply - Weekly Reversal Pattern: SHOOTING STAR!All Trade Parameters shown on the chart. Short setup on 1h Supply. Level on top of level scenario. I personally would combine both since we have a high Risk:Reward ratio on that trade anyways. Weekly Reversal Pattern with a shooting star! Looks like we reached the High of the Year. If we don't come back up to the 1h supply zones highlighted we MUST BE SHORT below the shooting star low and manage our risk accordingly!
NIKKEI Next targetThe Nikkei has enough momentum to revisit 23,400 or reach 23,940 whilst above 21,550 +- 20
Nikkei: The continuation of an upward long-term trend.Possible scenario of events. Move up to the first target level. Rollback to the previous resistance level. Then continue the long-term trend up.
Nikkei ready for landingIn Nikkei, the signs are pointing downwards. There are several signals that indicate falling prices in the Nikkei. On the one hand, the repeatedly tested resistance could not be overcome and on the other hand, the CCI also issued a sales signal.
As a stop loss, the 19,800 is quite good and as a take profit 19,300 is a good choice. This results in an excellent risk-reward-ratio.
Now the timing of short NikkeiI think it is obvious that Nikkei 225 will start going down. Now the timing of shorting Nikkei 225 futures next 1 months.
Nimble short on Nikkei Apologize for all of the lines but have cleaned it up as best I can. Nikkei has run into a whole swath of resistance.
1. Dark blue line is base line of pitchfork stretching back to lows of 2015/16. Big if here is a daily close below that.
2. Both the dashed and solid purple lines are 150% channels of the modified pitchfork which price has been respecting all year and the newly developed regular pitchfork (solid)
3. Running into .786 retracement of 2017 PA
Would either look to scale into short with subsequent rejections of purple lines or upon daily failure of price to hold above blue channel short retracement.
Longs off 18800 areaIn 2017's sideways market we've seen multiple rejections off the 18800 area. The last three days were no exception (3/31-4/5). Furthering the long thesis any move through the red median line of 2017's sideways to down pitchfork has been met with an equal rejection.
NY1!, Sayonara means bye byei am waiting for new high :-)
But bearish divergence is giving serious warning on monthly chart
So time to bid farewell to Nikkei bulls and welcome Nikkei bears?
Breakdown of long-term consolidation down.Breakdown of long-term consolidation down can lead to the development of a long-term downtrend. The development of the downward trend on the index will stimulate the development of the downward trend of the yen.
