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Nikkei 225 JPN225 CFD

JPN225 4h Elliot wave and pattern analysisOn the 4h chart a Head & Shoulders pattern is in progress. If price breaks the neckline, the target is +- 14700 based on measuring the gap between the neckline and the head. PLUS on this point is also a trendline which can provide support for the price. The 2 possible Elliot Wave scenarios that I have in mind are: Scenario 1(blue scenario): Wave IV has finished, currently riding wave 2 down of V up. This scenario is invalid if price sets a lower low. And: Scenario 2(pink scenario): Currently riding wave c down of IV down. Target +- 14700. This scenario becomes invalid if price sets a higher high. Personally I favor Scenario 2(the pink scenario) because then most parts of my puzzle come together (Head & Shoulders pattern, EW count, Trendlines etc.) A possible strategy could be: SHORT position if price breaks the neckline with a Stop Loss of : 16845 (1 point above high of JUN 6) and Take Profit of: 14750 (a little above the target and trendline). Please click HERE if you want to see the full analysis! Have a nice weekend and happy trading! Jouke Hartman
FX:JPN225Short
by jouke.hartman
Waiting for Long tradesWhen price closed above the Moving Average with period 100, it was a signal that down trend was over. Price bounced from Up Bollinger Band and it was a good opportunity to open Short trade, because we had reversal with RSI and MACD confirmation. Entry could be below 17195 with Stop order higher then 17780 and 2 Targets like 16550 and 15300 - it's Support Level. It was good and profitable trade. But what should we do if we did not open Short trade? Now, we have to wait for reversal signal and open only Long trades. If price reverses from Support Levels 15200 and 14800, we'll need confirmation from RSI and MACD. When we get it, it will be a signal for opening Long trades with Targets 16500 and 17900. Stop Loss should be placed below Support Levels. So, let's wait )
FX:JPN225Long
by DLavrov
Commodities & Equities ReversalCurrently watching Bloomberg thinking every big guy & media is covering up the fact that the markets have turned and we are in for a rollercoaster ride. Everyone seems to be just looking for a catalyst, an excuse, in an attempt to protect their own interests, when the charts say it much better. I believe gold and silver is headed much higher in the next 2-3 years, and if you own equities you should be hedging your risk by going long volatility products such as VXX, TVIX, UVXY.
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by icypuma98