Stocks - Nikkei on Last LegsIdea for Nikkei:
I'm waiting for Asia markets to drag down US markets, but why not just short Asia itself first?
- The sugar rush of QE is over, and Japan is rolling over. Expecting its bear market since Feb to resolve in a capitulation at least down to a monthly support.
- Nikkei under 100D and 9M and at critical support. (50W)
- Expect to quickly capitulate to 24k~ support levels when this floor breaks.
This is not US markets, which rises based solely on gamma, and the slowing global economy is weighing down on it. IMO, any rips here should be sold.
50W:
20M:
GLHF
- DPT
Nikkei 225 JPN225 CFD
Nikkei 225 look for 25522 areaShort position below 28219.98 with target at 26203.5 & 25522 in extension.
Daily Pivot : 28219.98
My move : Short position below 28219.98 with target at 26203.5 & 25522 in extension.
Other possibilities : Above 28219.98 look for 28856 & 29465 as target.
+ reason : RSI is bearish and further downside
TAYOR
Bullish flag on 225JPY. Price failed to break previous low creating today a higher high on the daily chart, indicating a possible market structure shift. RSI three touch bullish divergence. Market structure broke previous minor resistance adding another confluence. Overall bigger trend is bullish while minor trend is bearish. Looking for a break of the flag and continuation. Usually this patterns take a while to break so will be taken as a swing trade.
Elliott Wave Analysis: NIKKEI Remains BullishHello traders and investors!
Today we will talk about Japanese Index NIKKEI 225 in which we see very clear bullish pattern.
As you can see, NIKKEI made an A-B-C corrective decline from the highs and the main reason why we think it's a correction within uptrend is because of a triangle within wave B in the middle. We know that triangles cannot occur in wave 2, so it must be wave B as part of an A-B-C correction.
The Next very important evidence that A-B-C correction is completed is recent five waves up from the lows and we know that a five-wave reversal indicates a change in trend, so NIKKEI will probably stay in the uptrend.
However, in EW theory, after every five waves, a three-wave pullback follows, so before we will see a continuation higher, be aware of a corrective slow down with ideal support in the 28800 - 28300 zone. Of course, pullbacks could be even deeper, so count remains valid as long as the price is trading above 27400 May lows.
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Nikkei225 - Great trade Opportunity! Nikkei 225 - Great Trade Opportunity!
What a great set up, right? I've been shorting NI225 for while. If you're subscriber of our weekly newsletter, you probably got in earlier at a better risk/reward! If you are subscriber - Thanks I appreciate it and if you aren't you're missing out! I post my analysis late on Trading View for great trade ideas...Subscribe now - Link will be down in the comment section (It's FREE & always will be) We will be changing the privacy settings soon for ONLY subscribers to see our content!
Now let's dive into the exciting Technical aspects:
Longer Term pattern: Triangle
Shorter Term Pattern: Bear Flag / Wedge
Key Support & Resistance Areas: 28000 - 28400
Key Tip: You could go to towards lower time frames to get a better price.
All the best,
Trade Journal
(Just a trade idea, not a recommendation)
NIKKEI225 going longTVC:NI225 is in a descending channel, but in a bigger timeframe it looks like a bullish flag to me. Besides that, it hit key Fibonacci levels rebounded from there. I am bullish until above 30000.
The fundamentals are still bullish for me as the opening-up party just begun. However expect wild swings, as the speculators tried to "price-in" the opening up with leveraged positions, so both long and short squeezes are ahead of us, so try this idea with small positions.
East vs. West; The Nikkei will obliterate the Dow!!... And that's without even the currency differential factored in! (... which should add an additional +8%-13% to the down-side.)
This spread currently sits right at the Quarterly Pivot.
As it stands, under even the most unlikely circumstances (worst case scenario) this spread, the Short DJIA / Long Nikkei225 , is a 4.5:1 R/R trade. A trade that anyone should take, especially if one finds oneself being forced to stay long equities - for some inexplicable reasons.
The Weekly;
VDJP Daily - Another bullish set up in the makingThere is a large confirmed bullish inverse H&S (see prior charts) - and I was buying the dips around the 26.00 level into my ISAs and SIPPs. We have seen healthy consolidation over the past month and the etf now appears to be in the process of building a bull flag. This will be confirmed with a daily close above 26.70 and has a full target of 28.00. Given the already very bullish set-up, I will continue to keep adding to my position in anticipation of a further break higher. I will be rotating some of my funds out of UKX (which today successfully reached my full target) - as I believe VDJP offers better RR levels.
nikke 225the leading index of japan is rising from the last bottom its looking for anew high after last pullback macd is positive on daily and 4H frame which is encourage me to take more long position spically when i keep in my mind the inflation effect right now these days on most of the market .
take this on your own responsibility
NIKKEI a bearish long-term signalNot the most of encouraging formations for Nikkei as not only is the price struggling to break the 12-year Higher Highs trend-line (light blue zone) and has been consolidating on the 1W time-frame, but the 1W RSI is on its Resistance level too while the MACD printed a Bearish Cross.
Similar occurrences in the past have caused the index to pull-back to the 1W MA50 (blue trend-line) once and the 1W MA200 (orange trend-line) twice.
What about this time?
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nikke 225when the index get out of correction area by crossing 29750 and with the strong data for asian markets yesterday that give high potential for assets to continue rising ,
most of inditcator start reform a buy confirmation
if u want to conservative about it wait untill the next boost done and get leverage on this one .
about me am not willing to use stop loss here but the break of 29400-29200 and the daily close under it will be bad sign
spiccally if you trade with a leverage.
please check the draw and take this on your own responsibility and check my last analysis to get to know more