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Japan 225

Elliott Wave View: Nikkei (NKD_F) Extending HigherElliott Wave View in Nikkei Futures (NKD_F) suggests the Index has just broken above June 5 high, suggesting the cycle from March low remains alive and the Index has resumed higher. The break higher is likely still part of wave ((5)) of the same cycle from March low. Shorter cycle, 1 hour chart below shows pullback to 21705 ended wave (2). Up from there, the Index ended wave 1 at 22655 high. The internal subdivision of wave 1 unfolded as 5 waves impulse Elliott Wave Structure. Wave ((i)) of 1 ended at 22005 high and wave ((ii)) pullback ended at 21800 low. Rally higher in wave ((iii)) then ended at 22405 high, followed by wave ((iv)) pullback which ended at 22340 low. Wave ((v)) then extended higher and ended at 22655 high. Afterwards, the Index did a pullback in wave 2, which ended at 22205 low. From there, the Index has extended higher in wave 3. Up from wave 2 low, wave ((i)) ended at 22535 high and wave ((ii)) dips ended at 22345 low. Index then extended higher in wave ((iii)) towards 22960 high. The pullback in wave ((iv)) ended at 22670 low. The index can still see another high before ending wave ((v)). This would end wave 3 in the higher degree. Index then could correct within wave 4 before resuming higher again. The latest rally has broken above previous wave 1 high to confirm that the leg higher is already in progress. While pullback stays above 22205 low, expect the dips in 3,7 or 11 swings to find support for more upside.
CME:NKD1!
by Elliottwave-Forecast
NIKKEI On the road to the Quadruple Top Main items we can see on the chart: a) The price was on an ascending trendline and at the beginning of 2020 we had a huge bearish movement b) Since then the price has been rising and re-entered the ascending trendline c) Currently, we can see a corrective structure (purple lines) and we expect a bullish Resolution IF the price breaks the upper line d) The Target we will be aiming for is the quadruple top in the historical higher highs zone e) Another detail to add to the chart is that we have a huge ABCDE Pattern. This type of structure is bullish from a technical perspective
Editors' picks
TVC:NI225
by ThinkingAntsOk
7
Best Times To Play The Markets, Swing Trader Perspective.Here we have a chart of Nikkei 225 index on a 3 day chart. Nothing is more powerful than identifying potential trend reversals, notice that I said "potential". Nothing is guaranteed when it comes to trading, you will never be 100% winning in the markets. The only edge that you have when it comes to trading is identifying trend accumulation, distribution and risk management following an overall trend. If you apply S&R to a 5 min chart vs 1 week chart, which ones levels do you think will play a more valid role in the markets? The weekly will 100%! You better be a trained professional and have a good track record of experience if you think you're just going to show up to work everyday and try to scalp every single little move sitting in front of the monitor 24/7. I personally 100% believe the big picture is where it all counts. I believe the proper way to trade the markets is to use it as an investment vehicle to work for you over time. This is why on most of my charts you will see I'm a fan favorite of the daily chart and up. These timeframes are critical to identifying the major trends in the markets. You will be chasing your tail more than anything in a 5 minute timeframe and most likely realize why trading has such a high failure rate. Let the trade come to you! If you can learn how to manage risk and not let a bad trade get away from you, then you are already one major step ahead of the pack of failing retail traders. You see... this understanding to cut loss quick is more important than anything you will ever learn from the markets. The mentality of most retail traders is the famous "I want to get rich fast" mentality. When a trade goes against them, most have a tendency to hold onto that position with hope's to recover... this is how most blow their accounts. A lot of traders with this mentality tend to think they need to borrow money that they don't have from their broker, as if having more working capital will get them richer faster. If you can't trade with $25 in your account, chances are you probably don't need to use $25,000 to trade with. Most traders learn to become impatient with the market and use the lowest of timeframes where most of the noise in the markets occurs. Are their success stories of traders that made it as daytraders? ABSOLUTELY! I'm sure they went through years of training and learned to correct their failures. You can't let the markets beat you up if it goes against you and call it quits. You have to stay consistent and let every failure become a valuable learning lesson. It's going to take time, this is one of the hardest jobs on the planet if you choose to make it hard. ---------- So what do I look for? Like I said above I focus on trend trading from a technical analysis stand point. Observe the candles on the chart above. Green is buy pressure and red is sell pressure. Big bricks stronger pressure and compression doji bricks are weakened pressure. My goal at the end of the day is to look for the trend transitions at points of exhaustion. Notice how at the bottom of the crash the bricks began to compress to form a doji that shifted green, That's my transition. Look below and see the ema dots then also shot green and the custom rsi left oversold territory. That is your opportunity. You will manage your risk at these turning points. If you take a small hit and get stopped out, oh well. You managed risk and didnt let a trade get away from you. You can't control the market, you can only walk with it and not let your ego get in the way of trading. Now you see that we have tight compression forming up top of this major trend reversal from the bottom. Ema dots going red and the custom rsi is shifting down from overbought territory. These are the ideal times I look to trade. If I drop down to a daily I see that we have a valid Resistance level as price rejects off of it based off previous level. Will this Resistance hold strong to selloff? Who knows! The market makers will create the next move, not you. You have to play both sides when the time occurs. That Resistance is my edge. Price goes up and price goes down. In order for the price to go up or to go down it needs to transition in a sideways manner to accumulate or distribute in any market. My best chance of trading is finding these major potential reversal points, especially ones like this with such a tight compression and managing my risk. I will risk a small amount on a stop and diversify my portfolio. The market will not trend sideways and flatline forever. All you need to do is find these trend reversals, manage tight risk in anticipation to capture the next major trend. *This material is for educational purposes only
TVC:NI225Education
by UnknownUnicorn2319099
4
Bitcoin Pops Above $9,400 as Stocks Make Gains“Bitcoin might be waking up,” said Rupert Douglas, head of institutional sales at London-based crypto brokerage Koine. “A close above $9,600 would be a strong sign.” Gains in the equity markets appear to have been the catalyst for bitcoin’s positive trading day. “Bitcoin seems pretty correlated to equities at the moment,” Koine’s Douglas told CoinDesk. “The test will be whether BTC can hold up if equities sell off.”
COINBASE:BTCUSDLong
by danielcawrey
Stocks Make Gains While Bitcoin Sticks to $9,200“In recent trading sessions, bitcoin traded in a narrow range of $9,100-$9,200,” said Constantin Kogan, partner at cryptocurrency fund BitBull Capital. “After a short-term bullish impulse, the asset managed to peak at $9,300, followed by a downward correction.” Over the past few days, bitcoin has approached $9,320, only to see the price drop, Kogan noted. “The first resistance for bitcoin is at $9,320, the next important zone, the passage of which will give strength to the bulls at $9,400.”
COINBASE:BTCUSD
by danielcawrey