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Japan 225

Elliott Wave View: Nikkei (NKD) Ready to Extend HigherShort term Elliott Wave view on Nikkei (NKD) suggests the Index ended cycle from October 9 peak in wave (2) at 22889. Subdivision of wave (2) unfolded as a zigzag. Down from October 9 peak, wave A ended at 23380 and wave B ended at 23705. Wave C of (2) ended at 22889 which can be seen in the 45 minutes chart below. Index has since turned higher in wave (3). However, it still needs to break above the previous peak on October 9 peak at 23765. Up from wave (2) low at 22889, wave ((i)) ended at 23160 and pullback in wave ((ii)) ended at 23045. Index resumed higher in wave ((iii)) towards 23450 and pullback in wave ((iv)) ended at 23350. Index should end wave ((v)) soon and this should complete a 5 waves impulsive rally wave 1 in higher degree. Afterwards, Index should pullback in wave 2 as a zigzag to correct cycle from October 30 low before the rally resumes. As far as wave (2) pivot low at 22889 stays intact, expect pullback to find support in 3, 7, or 11 swing. Potential minimum target higher in wave (3) is 100% – 123.6% Fibonacci extension from September 21 low, which comes at 24123 – 24417.
CME:NKD1!Long
by Elliottwave-Forecast
ridethepig | Nikkei Market Commentary 2020.09.19📌 The Nikkei would have freed some space to the downside with a technical break last week, but given that we have not pierced the support line and buyers are still well-placed we must be wary of a retest in the highs of the multi year top at 24,000 - the same level we have been tracking since 2018!! The more interesting notion comes from the Global Equity board with breaks being led by NY and following through with Europe on the quadruple witching flows. A simple move here would be playing the breakdown for a quick test of the 200 day MA which is +/- 22,000 and on the other perhaps opening up the panic leg towards the lows at 20,300 if the rest of the flows play along. Any moves to the topside lack conviction and the RSI destroys all winning chances for buyers as we approach the highs. Thanks as usual for keeping the feedback coming 👍 or 👎
TVC:NI225Short
by ridethepig
5
3 Press Low In To Channel Low Bear Failure PotentialSellers have been very strong on the drive down and now breaking lower again with a 3 press low is beginning to show signs of slowing. Each consecutive low is less distance than before and rounding off and it just so happens to be occurring at the channel lows. Buyers are under pressure here and this is a last ditch for them. A break below the low would be a potential reversal signal for 2 legs lower but, assuming bulls hold above the low (or don't allow it to break much), buyers have a great R:R shot at a long that could potentially turn in to a much longer term swing.
CME:NKD1!Long
by SSF-SlingshotFutures
3 decades long resistance finally turning? Japan is the best in many things, but obviously not in stock prices... BUT! Nikkei 225 Index is now looking bullish, we're seeing a support resistance role reversal here. A cup&handle pattern that took 24 years long to form is finally breaking out. We've got measured target from the formation of 35,000, and from there we may see new all time highs on Nikkei. Let's see which way the handle breaks to get confirmation. ***NOT FINANCIAL ADVICE***
TVC:NI225Long
by JoE
3
Elliott Wave View: Pullback in Nikkei Should ContinueElliott Wave View of Nikkei (NKD_F) suggests the Index ended the cycle from April 2 low as wave ((3)) at 23630 high. Currently, Index is doing a pullback in wave ((4)) to correct against that cycle. The correction is proposed to be unfolding as a double three Elliott Wave Structure. Down from wave ((3)) high, wave A ended at 22960 low. The bounce in wave B ended at 23325 high. Index then resumed lower and ended wave C at 22840 low. This completed wave (W) in higher degree. Afterwards, Index bounced higher in wave (X) to correct against the cycle from September 3 high. The subdivision of the bounce unfolded as another double three correction. Wave W ended at 23275 high and wave X ended at 23040 low. Wave Y ended at 23310 high, which also completed wave (X) in higher degree. Since then, Index has resumed lower and broke below previous wave (W) low to confirm that next leg lower in (Y) has already started. The 100-161.8% extension of wave (W)-(X) where (Y) can potentially ends is at 22030-22520 area. If reached, that area should see a reaction for 3 waves bounce at least.
CME:NKD1!
by Elliottwave-Forecast
Bitcoin Is Doing Worse Than Major Equity Indexes The Past MonthRupert Douglas, head of institutional sales for crypto brokerage Koine, isn’t ruling out a further drop. “It’s tough right now to say how far BTC retraces,” he told CoinDesk. “My concern is around equities, where I believe tech is in a bubble not dissimilar to 2000,” he added. The equities markets are mixed Tuesday, with some hopeful numbers out of Asia while the European and U.S. markets are tanking.
COINBASE:BTCUSDShort
by danielcawrey
3