NI225 (Nikkei) - Market Crash Cycles | Indices | Macro Trends*Please support this idea with a LIKE if it helps you. Thanks!
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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.
JAPAN 225
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: 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.
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.
JP225USD Approaching Resistance, Potential Reversal!JP225USD is approaching its resistance at 22935 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 22435 (38.2% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) is approaching its resiustance at 98% where a corresponding reversal could occur.
JP225USD Approaching Resistance, Potential Reversal!JP225USD is approaching its resistance at 22756 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially react off, causing price to reverse down to its support at 22391 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
Nikkei approaching support, potential bounce! Nikkei is approaching our first support at 22045.5 (horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 23063.7 (horizontal swing high resistance).
RSI (55) is also seeing a bullish divergence and is approaching our support where a bounce off this level might see a corresponding rise in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
Mid Week FightCould we see a turning point for the Japanese Index at this 2250 level? Looks like a fight is happening between both sides at this phschological level, if we see a bearish daily close and a break of the ascending trend line we could have a weak Yen on our hands. Possibly down to 2220 area. What do you think?
Nikkei approaching resistance, potential drop! Nikkei is approaching our first resistance at 22497.5 (horizontal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension). A strong reaction might occur below this level, pushing price down to our major support at 21414.8 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching our major resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.