Japan 225 IndexLong
retracement or reversal
my last post i believe we were at a reversal area as such a strong rejection for .79 level but Monday will pave the way as price is at crucial area of either flying back up to ATH or going down to 30000 if you look at Nasdaq on daily it has just touched .382 from 19727 low to the high
Nasdaq and Nikkei almost identical is their moves . also would have liked to see the daily candle volume bigger for a 7% move which tells me its more like a retracement. whichever way patient is required on Monday market will show you the way .im leaning on bullish bias over 15% either way from this area . trendline broke out and comeback to retest it is another confluence supporting the long bias
Nasdaq and Nikkei almost identical is their moves . also would have liked to see the daily candle volume bigger for a 7% move which tells me its more like a retracement. whichever way patient is required on Monday market will show you the way .im leaning on bullish bias over 15% either way from this area . trendline broke out and comeback to retest it is another confluence supporting the long bias
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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.