Nikkei Approaching Support, Potential Bounce!
Nikkei is testing our first support at 21121 (horizontal swing low support, 100% Fibonacci extension , 76.4% Fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 22739 (horizontal swing high resistance, 100% Fibonacci extension , 50% Fibonacci retracement ).
Stochastics (89,5,3) is also approaching support and we might see a corresponding bounce in price.
Stochastics (89,5,3) is also approaching support and we might see a corresponding bounce in price.
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