Indexes Correction
Updated
As all Indexes had a strong bull rally from the lows, maybe the time to look for a correction here.
1. I would not short US indexes, because the US Stock markets are way stronger than NIKKEI for example.
2. YEN is on falling wedge support and last fibonacci support.
3. NIKKEI (as other indexes) facing zone of resistance here.
I look for weakness (break of first trendline), correction and then short to main trendline.
1. I would not short US indexes, because the US Stock markets are way stronger than NIKKEI for example.
2. YEN is on falling wedge support and last fibonacci support.
3. NIKKEI (as other indexes) facing zone of resistance here.
I look for weakness (break of first trendline), correction and then short to main trendline.
Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.