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
Nikkei 225 JPN225 CFD
Nikkei: The Why's & How's I'm SHORT Now - Lesson In Wave TradingThere is NEVER a SURE 100% trade. And I'm not giving you one. Let's be clear about that. But as you can see on my chart, I'm sure enough about what is about to happen to the Nikkei that I am already SHORT on it TWICE OVER. And if prices do go the way I am projecting and they do pull back up and cover those HUGE gaps that were left behind, I'll be looking to sell again! But let me explain why I think this.
What I see happening is that the recent high that was just established could very well have been the top of a wave (X) correction. This following the completion of a wave (W). That wave (W) was a sharp downward correction off the possible completion of that HUGE LONG impulse wave that lasted years! That wave (W) crash signaled the end of that MAJOR impulse wave. I had been calling that long impulse wave up as a wave (iii) and that crash down ended it. So why didn't I label that wave (W) drop as a completed wave (iv)? Well, it could be but highly unlikely given that it was so sharp and brief. Wave 4's don't tend to be that way. Wave 4-type corrections usually unfold in an long drawn out fashion. And if you have been counting waves as long as I have, you would've have seen this kind of price action take place hundreds if not thousands of times in the 26+ years that I have been trading. And I also seen just as many times what follows, too.
So for arguments sake, let's just say that my wave count is correct and that was indeed a completed wave (iii) and what followed was a wave (W). After a wave (W), you would expect that the next wave will be a corrective wave (X). And what did follow was a very clear 3-wave corrective wave (X). But only one problem....that correction ended ABOVE the top of what I labeled as the wave (iii) end. So, that opened up 2 possibilities...1) that the new high was actually the end of that MAJOR wave (iii) or 2) as I see it, this overall correction following where I labeled the end of the wave (iii) is unfolding as an extended flat where the corrective wave (X) does exceed the high of the previous complete impulse wave. If that is the case, then we can already project what is to happen next and also project possible targets based on the rules that we have for extended flats and how they tend to unfold.
Regardless, I trust my wave count because as you can see, I've hit 4 out of 4 trades pulling in over +8000 points over the course of this year JUST on the Nikkei alone! You don't even want to know how I did in the other major indexes as you would find it hard to believe! But that is besides the point. The point I'm trying to make here is that if you can apply a good, workable wave count combined with a good knowledge about price action, you can make trades like these. Those 4 out of 4 (100%) winning trades are just the ones that I have already closed and banked the profits on. That does not include the 2 OPEN SHORT trades that are already in profit now.
If you find it hard to believe me, here is my chart I published to my followers back on September 12th showing my projections on what was to happen in the Nikkei. As you will see, that "explosion up" that ended what I have recently labeled the wave (X) I had already predicted would happen MONTHS AGO. That is the power of wave counting in action!
There will be those that argue that my wave count is not correct and if you know me, you also know that I don't prescribe to the theory that you absolutely have the ABSOLUTE correct wave count in order to make money. No. You just have to have a workable wave count that puts you on the right side of the market.
So if you believe me about what I see, you will want to wait for prices to pullback before you look to get SHORT.
If you want to know more, PM me or see my signature box below for more info.
USDJPY to take advantage of Nikkei Power/ Dollar retraceThe Dollar could breathe and retrace after a few days of falling.
Nikkei index is set for a Bull run as specified in the previous post.
See the link below for NIKKEI225 setup
I see this market wanting to use that, to COMPLETE THE SETUP.
USDJPY aught to use that momentum to make a move from the
0.25 quarter to the 0.5 quarter , namely 112.5 to 115 psychological level
and previous unreached high.
Here is a closer look at 4hr chart ...
Nikkei 225 set for Long moveIts been a while since I published.
Ive been checking Nikkei 225 for a while. The market has moved to a long standing Bull Trend line, where its developed Bull reversal this trading week over the last two days.
With Asia session about to begin, watch for strong continuation. Yall know how JPY react. Very solid movers once a move is in play.
This current level is perfect to catch the wave, with previous High being high probability TP.
Price Action Pmlani
thePeoplesTrader
Nikkei Japan Stock Index (Oct 2018)(Wait at resistants,& Short) This will be my views of Nikkei Japan Stock Index (Oct 2018)
Please make sure to read the "update" comment as there will be changes along the way.
Cheers.
S0nic
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Nikkei Elliott Wave Right Side Calling HigherHello Traders,
Nikkei short-term Elliott wave view suggests that the decline to 22161 on 9/06/2018 low ended red wave 2. Above from there, red wave 3 remain in progress, nesting higher in an impulse structure. With lesser degree cycles showing sub-division of 5 waves structure in each leg higher i.e black wave ((i)), ((iii)) & ((v)) expected to unfold in 5 waves structure. Also, it’s important to note that the right side is up & instrument is having a bullish sequence tag available in below chart. This suggests that the selling is not recommended.
Up from 22161 low, the initial rally to 22750 high black wave ((i)) in 5 waves. The decline to 22535 low ended black wave ((ii)) pullback.
Then the rally higher from there ended black wave ((iii)) at 24120 high. The pullback to 23817 low ended black wave ((iv)). Above from there black wave ((v)) of 3 remain in progress, looking to extend higher as long as the pivot at 23817 stays intact.
Afterwards, the index is expected to do a wave 4 pullback in 3, 7 or 11 swings before further upside is seen. We don’t like selling it & expect buyers to appear in 3, 7 or 11 swings against 23817 low.
Nikkei Bottom formation after 2008 crisis: take-aways BTCUSD Hello all,
I'm trying to analyse several bottom formations of different asset classes in order to find key take-aways that could be useful for the BTCUSD bottom formation.
On my profile page you can find the BTCUSD analysis based on the same principles.
The Japanese Nikkei bottom formation after 2008 financial crisis:
- Top 200 MA: 17 300
- Bottom 200MA: 8 752
- Draw a fibonacci retracement from top to bottom:
Conclusions:
- After heavy selloffs; 115% retrace from 200MA top served as support.
- price levels below 115% got bought up quickly
- Afterwards price was mostly trading in the 85 - 100 - 115 retrace channel from 200MA top
- 200MA touched 100% retrace once.
- Jun2012 - Dec2012 strong consolidation around 100% retrace zone with very low volatility.
Link BTC 2014 Crash:
- parabolic selloffs
- price levels below 115% got bought up quickly
shortcommings:
- Prediction of 200MA trendline
- Empirical analysis
I'm looking forward to your feedback.
Best,
Bavo
How long will the range of 22000-23000 last?I think that the range of 22000-23000 will not last long.
Following the course,
July 2: It penetrated down 22000 that is the neckline of the blue double bottom.
July 5: It was bounced back by YPP (P) and returned to the range.
July 9th and July 12th: It went up as attacking the short entry on July 2nd while swinging around.
After the movement of attacking while swinging the breakout, the break succeeds after trying it a couple of times.
Therefore, it seems that there will be some move to clearly penetrate the red line or break YPP (P) downward.
Based on that, the latest is as follows.
<< tactics >>
1) MPP (R1) functioned as a resistance after failure to penetrate the red line.
Short entry.
The first limit is above MPP (P) 22441.9.
The second limit is above 22000.
The third limit is above YPP (P) 21488.5.
2) It went through the red line and 23000 upwards.
I will observe to find the next entry point.
I would be grateful if you like it idea,give me follow or agrees!
------------------------- --------------------------
Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thick line: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding round number.
Red thick line: Untrustworthy line for me
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
x mark: Line which may not function
------------------------- --------------------------
How long will the range of 22000-23000 last?I think that the range of 22000-23000 will not last long.
Following the course,
July 2: It penetrated down 22000 that is the neckline of the blue double bottom.
July 5: It was bounced back by YPP (P) and returned to the range.
July 9th and July 12th: It went up as attacking the short entry on July 2nd while swinging around.
After the movement of attacking while swinging the breakout, the break succeeds after trying it a couple of times.
Therefore, it seems that there will be some move to clearly penetrate the red line or break YPP (P) downward.
Based on that, the latest is as follows.
<< tactics >>
1) MPP (R1) functioned as a resistance after failure to penetrate the red line.
Short entry.
The first limit is above MPP (P) 22441.9.
The second limit is above 22000.
The third limit is above YPP (P) 21488.5.
2) It went through the red line and 23000 upwards.
I will observe to find the next entry point.
I would be grateful if you like it idea,give me follow or agrees!
------------------------- --------------------------
Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thick line: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding round number.
Red thick line: Untrustworthy line for me
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
x mark: Line which may not function
------------------------- --------------------------