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JAPAN 225

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.
OANDA:JP225USDShort
by Captain_Walker
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. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:JP225USDLong
by easyMarkets
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.
OANDA:JP225USDShort
by Tickmill
JP225USD with seats event I was asked to analyze this pair. I did not touch on the analysis of the smaller time interval, as there are a lot of complex corrections. It will take a lot of time. But I see the future of this pair. We have completed a zigzag correction in the framework of the 4th subwave. We see the opposite bullish divergence. At the same time, we are in the momentum of a larger scale. Therefore, within the framework of the situation, we will not go below the support channel. At the same time, the breakdown of this channel will take place when the 3 big impulse ends. Quite promising, look at the sliding area. I think there is definitely long
OANDA:JP225USDLong
by TimurKuspanov