NIKKEI appraoching resistance, potential drop!
Nikkei is approaching our first resistance at 21088.5 (38.2% Fibonacci retracement, Horizontal pullback resistance, 100% Fiboancci extension) where a strong drop might occur below this level pushing price down to our major support at 20085.8 (Horizontal swing low support, 50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
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