JPN225 Long OpportunityFail to break new low will send it higher.
SL Below 22095
Targeting at 1. 22385 2. 22700
Trade carefully,
Thanks.
Nikkei 225 JPN225 CFD
JPN225 ShortThis time FOREXCOM:JPXJPY will fallback. As you can see a SHS formation has formed.
JPY pairs are strong today.
KLoS NikkeiThe Key Levels of Significance I am watching on the NIKKEI.
Looking for a drive to 24000.
@ROCDJC
Short at 21470 target 21000 ahead of japan EclectionI short eh Nikkei who is in a very uprigh (vertical) wedge ahead of japan election buy the tumoir sell the news.
also the 21500 not seen since years and was monthy resistance
Overbougth sale as the dowkone and sp500 i think we are in a capitlisazion market or bubble is when the market price only the good news and nevermind of any bad news like he is waterproff to any bad news on geopolitical and also economy topic.
and have 2gap to be filled around 21000 and 20850
short at 21470
target 21000 in 2 step
with 2 opening position ,and will close the first position at my first target 21250
Stop loss 21660
RR 1/2.5
Short for 305 pips Nikkei at 21205 target 20905i Short the nikkei after he Breakout his 2015 high
he just for a technical pullback at the breakout level so at 20905
Enter at 21205
Target at 20900
Gains 300 pips
Nikkei 225 - Potential completion of a Bearish Gartley patternThe Nikkei225 showing a potential Gartley Pattern completion at around the 19900.
I would be more patient on this setup:
- The CD Leg move is has been very strong, hence it could take more time to stop and reverse at the PRZ
- I would like to see a reversal pattern at the PRZ
The H4 RSI is already at the overbought zone, hinting to us that the potential of a reversal
Nikkei weaker than expected. wash out possible.The scope of nikkei is the weakest among the global equity. It is expected as the nikkei is in a X wave rather than 5th wave like other major indexes.
However, the sharp decline today flash warning sign of another washout low. The pitchfork should hold.
If by any chance it breaks, the whole wave count should be expanded. That is very unlikely though.
Equity rally to be continue. Nikkei in wave XGlobal equity has bottomed. Although the Aug 25th Daja Vu is coming. I much prefer to buy dips this week.
Long Nikkei 225 @ 19,300; TP 19,683, SL your choiceLong Nikkei 225 @ 19,300; TP 19,683, SL your choice
JPN225 IN A POTENTIAL TOPPING LEVELJPN225 is in a good uptrend on daily. Harmonic pattern completed, let's see if it could be the starting point for a correction.
Monster Wave!'
Japan is seeing some strength within their markets. I believe confirmation came after Prime Minister Shnizo Abe' and President Trumps meeting in Mar-A-Lago. Coincidence?... maybe.. maybe not. I believe the talks of strengthening Japans dominance in Eastern Asia along with the United States withdrawal from the TPP supplemented this move quite nicely. I love analyzing Japan because they have far less moving parts to their economy than we do here in the US. Nonetheless I do see Japans GDP advancing another 2% for the next two years (1-1.5% annually). The NIKKEI forming some beautiful momentum. It's been on quite the run. My projection is that they will top out around 22081 in the next two years. Slugglish growth is still growth... The Japanese Yen is also slipping against the dollar nearly a 10% since the beginning of the year. Wage growth could see a slight move up but not by much... All is good in the foreseeable future the only thing I worry about is their staggering Debt/GDP ratio (250.4%!) given their size it should be that high, but We'll keep that analysis at bay, and cross that bride when we get there. O Wakare! ( Farewell :)
Nikkei 225 Bearish DivergenceIf price returns below 20000 level, we'll have a fake breakout. At the same time price diverges with MACD and RSI. We have bearish divergence near the major resistance level. It's short opportunity and we can sell below 19880 level with stop above the local swing high. Profit target should be at MA100 and 19000 level.
Dow Jones vs Nikkie U.S equities will outperform Japanese equities in the 3- 5 years to come.
In the chart I indicate "buy purple," however, this is a buy now in my opinion. No need to wait for a better price since the risk reward would still be very favourable. It's possible price does not see purple again. Purple is simply ideal.
