Nikkei225 (NI225) LONG
I am expecting price to rebound from the bearish streak at the 20742.2 price level, which also represents a fibonacci zone. However, it should be noted that the price is creating somewhat a triangle pattern and it is thus wise to watch out for further downside movement below the 20742.2 price level as prices might be heading to retest the upward trendline from the monthly timeframe. Either way, i will only wait for long trades one this one
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.