JAPAN 225
JP225 is going according to planAs I have published before that JP225 will be moving up in the next coming weeks, it has broken resistance and it is currently playing around the consolidation area highlighted in red as a zone. I am expecting it to drop to support before it can shoot up. Similarly, if it breaks support, `I am looking for a retest before I can take it down as a sell.
JP225USD Buy on H4H4: Showing Up to Zone Candels, Waiting Support and We Can Open BUY.
Plan: Buy at price 22255
JP225 has entered a zone consolidationBased on previous price action movement, I can drew points of consolidation and now it looks like JP225 will be in consolidation mode before reaching resistance. A possible move long if it doesn't break the minor support.
Nikkei225 price action setuoLooking forward for further upside & correction PA, by 1st half of October '19.
JP225 Aggressive Countertrend setupHead and shoulders with a point of control entry, take profit is ABCD of the head
Nikkei Potential Head and Shoulders?The Nikkei is showing a potential head and shoulders pattern on the 2 hour chart. If we do break below the support at 21620,
then we would await for a lower high which would be a retest of the break.
However, ideally, would like to see a bounce and then a lower high which would make the head and shoulders pattern.
Price is turning at a resistance zone (21800) zone which adds further confluence.
This is a trade that can possibly play out next week. Keep it on your radar!
NI225 (Nikkei) - Market Crash Cycles | Indices | Macro Trends*Please support this idea with a LIKE if it helps you. Thanks!
More details about me in my signature.
NI225 has been labeled within a Grand Super-Cycle degree wave B (pink), which has been unfolding ever since the Tokyo Stock Bubble back in 1990.
Structure - Flat Formation
1990 bubble peak and down until Apr 2003 bottoms - Super-Cycle (w) (purple)
2003 bottoms up until 2007 tops - Cycle wave a (turquoise)
2007 tops and down until 2008 lows - Cycle wave b (turquoise)
2008 lows and up until present times - Cycle wave C (turquoise), the final leg of Super-Cycle (X) (purple)
Cycle wave C (turquoise)
Pattern - Ending Diagonal
Sequence - 5-Wave Sequence, with Primary Waves 1 2 3 4 5 (green) decomposed as Intermediate (A)(B)(C) (blue)
Current Position
Primary Wave 5 (green)
Next expected swing
Bearish sequence in Intermediate (B) (blue)
Market Crash Forecast
Support granted at or around the 21000.00 mark and then a bull run towards the 27000.00 levels, where Super-Cycle (X) (purple) is expected to complete
Super-Cycle Waves (a)(b)(c) (red) would reflect the next Larger Degree Recession or even a Depression
Structure change:
Breach of the lower trend-line of the Ending Diagonal could reflect the fact that the Market Crash already started.
Nikkei225 (NI225) LONGI 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
Nikkei could be in troubleI outline why on this 2H time frame the greater probability for the Nikkei is for the south. How far south is another issue. No predictions - as usual.
NIKKEI: Are you ready? Get ready.In the screencast I show the evidence of a setup that is approaching, for a nice controlled loss. Loss? Nobody want's to hear about that - but it is exactly what we do!
Key points:
1. Alternate ABCD pattern with a C-point at 50% (Scott Carney criteria).
2. Zone of congestion.
3. Probabilities for the south based on ATR-based indicator and GMMA.
4. Time momentum favouring the bears.
5. Weak bullish rebellion.
I am of course delighted to learn if others have a different perspective based on the technical position.
This post is not a recommendation to short or a prediction. I have labelled it as short because that is potentially what it is.
Nikkei Approaching Resistance, Potential Reversal!Nikkei is approaching its resistance at 20913 (100% Fibonacci extension , 50% Fibonacci retracement , horizontal pullback resistance) where it could potentially drop further to its support at 19103 (100% Fibonacci extension , horizontal swing low support).
RSI (55) is approaching its resistance at where a reversal could occur.
Nikkei Approaching Resistance, Potential Reversal!Nikkei is approaching its resistance at 20913 (100% Fibonacci extension , 50% Fibonacci retracement , horizontal pullback resistance) where it could potentially drop further to its support at 19103 (100% Fibonacci extension , horizontal swing low support).
RSI (55) is approaching its resistance at where a reversal could occur.
Nikkei Reversed Off Resistance, Potential For A Further Drop!Nikkei reversed off its resistance at 20228 (61.8% Fibonacci extension , 23.6% Fibonacci retracement , horizontal pullback resistance) where it could potentially drop further to its support at 19017 (100% Fibonacci extension , horizontal swing low support).
RSI (55) is approaching its resistance at where a further drop could occur.
Nikkei Approaching Resistance, Potential Reversal!Nikkei is approaching its resistance at 20228 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal pullback resistance) where it could potentially reverse down to its support at 19017 (100% Fibonacci extension, horizontal swing low support).
RSI (55) is approaching its resistance at where a corresponding reversal could occur.
Nikkei Bounced Off Support, Potential For A Further Rise!Nikkei bounced off our first support level at 19017 (100% Fibonacci extension , Horizontal swing low support) where a further rise might occur above this level pushing price up to our major resistance at 20892 (100% Fibonacci extension , 38.2% Fibonacci retracement , Horizontal pullback resistance).
Stochastic (89,5,3) is also testing support where we might see a further rise in price.
Nikkei Approaching Support, Potential Bounce!Nikkei is testing our first support level at 19017 (100% Fibonacci extension, Horizontal swing low support) where a strong bounce might occur above this level pushing price up to our major resistance at 20177 (61.8% Fibonacci extension , 23.6% Fibonacci retracement, Horizontal pullback resistance).
Stochastic (89,5,3) is also testing support where we might see a corresponding bounce in price.
Nikkei Approaching Support, Potential Bounce!Nikkei is approaching our first support level at 20783 (61.8% & 100% Fibonacci extension, Horizontal swing low support) where a strong bounce might occur above this level pushing price up to our major resistance at 21783 (horizontal swing high resistance, 61.8% & 100% Fibonacci extension, 23.6% & 50% fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
NKY leading SPXThe NKY appears to be about four days ahead of SPX on a fairly precise timeline. (Both are futures, trading nearly 24h). Let's see how long the match lasts.
Nikkei Bounced Off Support, Potential For A Further Rise!Nikkei bounced off our first support at 21121 (horizontal swing low support, 100% Fibonacci extension , 76.4% Fibonacci retracement ) where a further rise might occur above this level pushing price up to our major resistance at 22739 (horizontal swing high resistance, 100% Fibonacci extension , 50% Fibonacci retracement ).
Stochastics (89,5,3) has bounced off support and we might see a corresponding rise in price.
Nikkei Approaching Support, Potential Bounce!Nikkei is testing our first support at 21121 (horizontal swing low support, 100% Fibonacci extension , 76.4% Fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 22739 (horizontal swing high resistance, 100% Fibonacci extension , 50% Fibonacci retracement ).
Stochastics (89,5,3) is also approaching support and we might see a corresponding bounce in price.
Nikkei 225 Approaching Resistance, Potential Drop!Nikkei 225 is approaching our first resistance at 23072 (horizontal swing high resistance, 61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our support at 21545 (100% Fibonacci extension, 78.6% Fibonacci retracement ).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price.
