Get started

Jp225

JP225 - Potential Bearish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. JP225 is sitting around a strong round number 30k so we will be looking for sell setups on lower timeframes. on M30: JP225 formed like a double top pattern but it is not ready to go yet. We want the sellers to take over by breaking below the last low. Trigger => Waiting for a momentum candle below the gray area to sell. Until the sell is activated, JP225 would be overall bullish and can still trade higher. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:JP225USDShort
by TheSignalyst
9
JP225 on the break of the triangle 🦐JP225 on the daily chart has retraced till the 0.382 fib level before moving in a consolidation range. The market has bounced twice on the daily support creating a double bottom where it took the liqidity to start a new impulse to the upside. If the market will break the triangle and consequently will break the upper daily structure, at the retest of it, we can set a nice long order according with our strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
OANDA:JP225USDLong
by InkyGrip
2
Japanese Stock Index "Nikkei 225" Can Lose 30% in the CorrectionNikkei 225 (JP225), commonly known as Nikkei, is a stock index for the Tokyo Stock Exchange, the world’s third-largest stock exchange with a market capitalization of US$5.6 trillion. As the leading index of Japanese stocks, Nikkei 225 (JP225) is a price-weighted stock index, equivalent to the American Dow Jones Industrial Average Index, comprising Japan’s most powerful 225 blue-chip companies on the Tokyo Stock Exchange. Let’s take a look at Nikkei's structure via the Elliott Wave principle. The monthly chart above reveals that the 2009-2018 rally had formed a textbook five-wave impulse pattern. It is labeled 1-2-3-4-5 where the five sub-waves of wave 3 is visible. Unfolding Correction Makes Nikkei 225 Bulls Vulnerable The Elliott Wave theory states that a three-wave correction in the opposite direction follows every impulse. And indeed, the decline from 24595 to 18951 in 2018 can be seen as a simple a-b-c zigzag in wave A. The Nikkei 225 spent the entire 2019 trying to recover from that low and top at 24412 in December 2019 as a three-wave zigzag in B. This three-wave down and three-wave up pattern make JP225 vulnerable to further decline as it only a part of larger A-B-C flat or W-X-Y double zigzag Elliot Wave correction. Bearish targets near the support area of wave 4 or lower are plausible. If this assumption is correct, we can expect another selloff in wave C to approximately 15000 from the current level. That's a ~33% drop, I think now is not the time for bravery when it comes to the Nikkei 225 or investing in Japan's stock blue chip. Observing from a safe distance makes more sense. Do you think a 30% decline is plausible on Nikkei?
OANDA:JP225USDShort
by Veejahbee