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JAPAN 225

LONG JP225: A great move to the upsidelet's get into practical details without any bullshit in the beginning... We have some really amazing targets starting with 22750, then 23000, and the last station of testing the all-time high at the level of 24000, but that's not our topic for now, let's take it easy... step by step. We have a bearish trend since FEB2020 on the D1 chart, the price tried to break it many times without a result. but now, we're almost ready to test it one more time with two amazing structures on the H4 & H1. Generally, we have H&S on the H4 chart and it was ready to test the neckline when it made a double-bottom formation on H1 chart, so now it's a great position to open a trade with some small targets in the beginning. Firstly, we are gonna long JP225 with a sl below the bottom in order to test the neckline. 22450 will be a good support to put under consideration when we are attacking the neckline. Secondly, in case of having a successful H&S, we will wait for the confirmation on the H1 to long it again to test the general down-trend. 22750 will be a good support to put under consideration when we are attacking the trendline. Thirdly, in case of breaking the resistance, we will fly without mercy to test the all-time high at 24000 I'm following it with you daily to keep you up to date. Chiao!
OANDA:JP225USDLong
by Amro_Elzeiny
2
Markets Across the world are ready to push like never before.Looking at charts from across the globe we found a very similar setup, triangle formations that are forming across the board in a timely manner. If we look deeper into what is going on we are going to get a pretty nice surprise. Let's start of with the Nikkei. The Nikkei has been on a consolidation pattern since the start of June and has just resolved within a clear break around it exactly one month after. This paired with global optimism that a second wave has been avoided in Asia thanks to great control sounds the bull bell, we might still see a deeper correction that could signal a potential long term buying opportunity. If we see the price of the Nikkei Holding above 22600 we could be up for a move towards 24k in the rest of the year. Exactly the same is going on across the board. Let's check Europe for an instance: For instance, the DAX is doing exactly the same being in a triangle consolidation pattern since the 3rd of June that has now broken above and is showing strength if it holds above 12.600. if things start to look clearer from here we might be looking at a potential move towards previous all-time-highs. Coincidence? Not really. Not confident enough? let's get to the juicy part, let's try and dig deeper into the abyss and look at what is going on in the US Markets. after all, EEUU markets drive most of the money flows right? A quick glance at the S&P500 might give you the chills. Why? Well, the market is exactly doing the same, but wait there is more to come, we are just getting started. Looks pretty familiar right? well, I can't say I didn't warn you. Global Markets took a hit and it hurt, but recovery is around the corner. Central banks are doing almost everything they can, Governments are supporting people like never before. and let's face it. A second wave is something bad but we are going to live with COVID-19 for a long time, we might just make it a profitable one. Not buying it yet? well, let's look at something even more interesting... What about the Dow Jones? is it anything closer to this? I mean what sector can be worst off in a pandemic right? Well, that's pretty much a very compelling view of global markets. However let's not take a pause and bring the big guns, as I said, we might as well just save the best for the end. Because it is yet to come. The dollar is breaking lower and this is just the cherry on top, we might as well just close here but not everything needs to be technical. Fundamentals are coming in stronger in the last few weeks, rates are lower than ever and the sentiment for the virus is shifting towards more "lets live with it and make the most of it" than rather being scared and locked down at home.
OANDA:JP225USDLong
by afcapitaltrading
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
Nikkei 225 Japanese supply and demand forecastNikkei 225 Japanese Index has been rallying for a few weeks creating new strong weekly demand imbalances. Nikkei 225 index has unfortunately not retraced yet to any of these two strong weekly imbalances and continues to rally on its way to weekly supply imbalance around 23600. Nikkei 225 Japanese Index futures forecast. As per the weekly timeframe analysis, Nikkei 225 Index futures is in a clear uptrend creating new weekly demand imbalances at 21850 and lower at 20570. Nikkei tried to correct and reached bottom weekly demand level but it just couldn’t and kept on rallying ending up creating another strong weekly demand imbalance around 21850. Long term long bias on Nikkei index. This is the kind of price action technical analysis you will learn in our trading community. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances. Trading supply and demand imbalances is ideal for beginners and those with a full or half time job, you won’t need to stay in front of the computer all day long trying to move price action with your mind.
CME:NKD1!Long
by AlfonsoMoreno
1