Nikkei 225 is approaching our first resistance at 23072 (horizontal swing high resistance, 61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our support at 21545 (100% Fibonacci extension, 78.6% Fibonacci retracement ). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price.
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.