Get started

Nikkei 225 JPN225 CFD

LONG JP225: A great move to the upsidelet's get into practical details without any bullshit in the beginning... We have some really amazing targets starting with 22750, then 23000, and the last station of testing the all-time high at the level of 24000, but that's not our topic for now, let's take it easy... step by step. We have a bearish trend since FEB2020 on the D1 chart, the price tried to break it many times without a result. but now, we're almost ready to test it one more time with two amazing structures on the H4 & H1. Generally, we have H&S on the H4 chart and it was ready to test the neckline when it made a double-bottom formation on H1 chart, so now it's a great position to open a trade with some small targets in the beginning. Firstly, we are gonna long JP225 with a sl below the bottom in order to test the neckline. 22450 will be a good support to put under consideration when we are attacking the neckline. Secondly, in case of having a successful H&S, we will wait for the confirmation on the H1 to long it again to test the general down-trend. 22750 will be a good support to put under consideration when we are attacking the trendline. Thirdly, in case of breaking the resistance, we will fly without mercy to test the all-time high at 24000 I'm following it with you daily to keep you up to date. Chiao!
OANDA:JP225USDLong
by Amro_Elzeiny
2
NIKKEI On the road to the Quadruple Top Main items we can see on the chart: a) The price was on an ascending trendline and at the beginning of 2020 we had a huge bearish movement b) Since then the price has been rising and re-entered the ascending trendline c) Currently, we can see a corrective structure (purple lines) and we expect a bullish Resolution IF the price breaks the upper line d) The Target we will be aiming for is the quadruple top in the historical higher highs zone e) Another detail to add to the chart is that we have a huge ABCDE Pattern. This type of structure is bullish from a technical perspective
TVC:NI225
by ThinkingAntsOk
7
Nikkei - rally after a triangle patternThe Japanese main stock index - Nikkei 225 - has rallied after the completion of the ABCDE triangle pattern. The market jumped strongly towards the recent strong resistance which could be located near the recent tops (23980 pts). If this area is broken we would expect another rally maybe even to 30000 pts. The technicians could also look at the stochastic oscillator how the price would react if it reached the overbought area. ________ Daniel Kostecki, Chief Analyst Conotoxia Ltd. Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
TVC:NI225
by Daniel_Kostecki