NIKKEI (JAPAN225) SELL SET UP ENDING DIAGONAL C WAVENIKKEI (JAPAN225) SELL SET UP ENDING DIAGONAL C WAVE
Nikkei 225 JPN225 CFD
JP225USD SHORT OPPORTUNITYits likely to going down bcoz there's a HnS pattern. Good reward and risk rasio 2:1. place stoploss with some buffer above the right shoulder
NIKKEI 225 CRITICAL LEVEL TO WATCHTHIS A THE MONTHLY CHART OF JAPAN 225, AS WE CAN SEE IT IS SITTING RIGHT ON TOP OF THE TREND LINE + SUPPORT AT 19000. IF THIS LEVEL HOLDS, WE WILL SEE JAPAN 225 TO KEEP GOING UP.
Nikkei 225: 21000 could end the reboundJapanese stocks are still overall in a downtrend - the recent rebound could end at 20800-21000 (the former peak)
NIKKEI approaching resistance, potential drop! Nikkei is approaching our first resistance at 20899 (100% fibonacci extension, 50% fibonacci retracement, horizontal pullback resistance) and a strong drop might occur below this level pushing price down to our major support at 18995 (61.8% fibonacci extension, horizontal swing low support).
Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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Japan. Never been. I'm in a BEARish wedge about it. I'm just making this up, words and all. Bears eat wedge widening on Japan Bears. Honey below 19950 and Bees above 20380. Ouch.
That's my Dream Analysis.
R 20380
S 19931
NIKKEI 225 Index Strugles to break above 20200The correction of Deep dive from 21600 to 19000 seems to be blocked by 20200 resistance.
An ascending triangle pattern is being printed on H4 Chart. - Potential bearish continuation pattern. -
Short at the potential breakout.
Bullish breakout would be validated at 20225.
NIKKEI (JPN225): WXY CORRECTION ENDED - BEARISHNIKKEI (JPN225): WXY CORRECTION ENDED - BEARISH
This is for my trade journal only, feel free to comment.
NIKKEI / ELLIOTT WAVE PROJECTIONS / H4Trading Bias: Short
Technical Strategy: Trend continuation + Elliott Wave projections
*Will look to capture wave 5 within the anticipated sell zone*
Can Aggressive Elliott Wave View In Nikkei Will Play Out?Nikkei short-term Elliott wave view suggests that the cycle from 10/01/2018 peak is showing 5 swings bearish sequence. This favor more downside to 19073-16773 100%-123.6% Fibonacci extension area to be reached in 7 swings before support for bigger 3 wave bounce is seen at least. The decline from 10/01 peak is showing overlapping price action thus suggests that decline is unfolding in a corrective sequence i.e could be unfolding as double three structure.
Currently, the decline to 21075 low blue wave (W) lower. Above from there, a bounce in blue wave (X) took place as a Flat correction where red wave A ended at 21735 high. Wave B ended at 20950 low and red wave C ended at 21923 high which also completed blue wave (X). Down from there, blue wave (Y) can be completed at 19278 low. Above from there the index is expected to do a bounce in 3, 7 or 11 swings within blue (X)(X) of a possible triple correction lower. We expect short-term sellers to appear in 3, 7 or 11 swings on a bounce in blue wave (X)(X).
EW ANALYSIS: Risk-Off Sentiment Could Continue; NIKKEI+USDJPYHello traders!
Today we will talk about Risk-Off mode over NIKKEI225 and USDJPY, where we see a tight positive correlation!
As you can see, the main driver for the USDJPY sell-off was NIKKEI225, which may continue later this week, since we have seen an impulsive five-wave decline. In EW theory, after every five waves, a three-wave pullback follows and we can already see an a-b-c correction in progress, where wave »c« is still missing, so be aware of a Monday rally towards projected resistance areas, from where we may see another sell-off in the stock market and consequently also in the USDJPY!
That said, in the NIKKEI225 futures chart, we are tracking a three-wave a-b-c corection, where 22000 resistance area can be tested, before we may see a sell-off continuation! So, as long as it's trading below 22780 highs, we will remain bearish!
If we respect correlations, then it's similar with USDJPY, in which we think that 113 area, specifically 113.25 – 113.35 resistance area can be retested before another sell-off, so while it's trading beneath 114 region, we remain in the bearish mode!
Early Monday moves are usually fake, so if we get a Monday rally within projected wave »c«, then this would be a perfect three-wave corrective rise that can be easily covered in the next days, when we expect another sell-off!
Trade well!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Nikkei 225 Approaching Support, Potential Bounce!Nikkei 225 is approaching its support at 20926 (100% & 61.8% Fibonacci extension, 23.6% & 38.2% Fibonacci retracement, Horizontal overlap support) where it could potentially bounce to its resistance at 22739 (50% Fibonacci retracement , 100% Fibonacci extension , horizontal swing high resistance). Stochastic (55, 5, 3) is approaching support at 8% where we might see a corresponding rise in price.
Strength on Nikkei225Very highly possible trade towards 22300 and 22600. However wait for a retrace back to 22000-21800 for a low risk entry. Stop Loss should be place around 21400.
Happy Monday everyone!
JPN225: Long-term Outlook for Japan Market (Yearly)From the yearly chart, it showed the Japan market's past journey from the 1970 to now.
There are 3 period for the JP market form the beginning.
1970-1990, the market soared.
1990-2008, the market declined.
2009-now, the market is rallying.
Now, the market is facing an strong yearly resistance.
The 0.618RET of the previous drop is at 26726 and the 1.618EXT of previous rally is at 25300.
Meanwhile a good Supply zone is at 24000-27270 levels.
The market has started to enter this zone, so pay attention to the price action when the price hit the PRZ.
Sell at 25000-27000
SL: 25500
TP: 15000
Obviously, it is a supper long-term plan, and it may need several years to get the target, so it just gives a direction for trade.
NIKKEI, Long, 4-6 MonthsKIKKEI225 will keep being very probably bullish in the next months as most of the stock markets.
The bull trend should start when RSI crosses>53. The price already has crossed upwards a bullish MM70 over the MM210.
Averaging upwards at market price.
Target: 26 000+
Stop: 20 609
Opened: 22 200
Japanese Nikkei on its way downRed rectangle is a big level I expect to be rejected and take the index lower.
Possible upside for NikkeiDouble bottom is seen. Once the resistance at 21550 is broken, a recovery towards 22050 and 22400 is high possible. However, this is still a counter trend trade, thus take profits once the target are hit. Have a good week everyone.
