*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...
I 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...
I 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.
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...
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 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 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 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 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...
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...
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...
The 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 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...
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...
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...
JP225USD Trading Bias: Neutral Technical Strategies: Support Channel / Rectangle break *If we make a strong bull candle off the support channel upside targets in play. If we break and close below the support channel then downside target in play*
Sharp pin bar candle off all time high resistance level. The 2 zones below are where I will watch price.. This pair is correlated oppositely from the JPY, & is a good way to identify strength.