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Japan 225

Nikkei - rally after a triangle patternThe Japanese main stock index - Nikkei 225 - has rallied after the completion of the ABCDE triangle pattern. The market jumped strongly towards the recent strong resistance which could be located near the recent tops (23980 pts). If this area is broken we would expect another rally maybe even to 30000 pts. The technicians could also look at the stochastic oscillator how the price would react if it reached the overbought area. ________ Daniel Kostecki, Chief Analyst Conotoxia Ltd. Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
TVC:NI225
by Daniel_Kostecki
Elliott Wave View: Further Upside in NikkeiShort term Elliott Wave view of Nikkei (NKD_F) suggests that the rally from 5.14.2020 low is unfolding as a 5 waves impulsive Elliott Wave structure. Up from 5.14.2020 low, wave (1) ended at 20830 and pullback in wave (2) ended at 20247 as chart below shows. Internal of wave (2) unfolded as a double three (double zigzag). Down from wave (1) at 20830, Wave W ended at 20515 as a zigzag, wave X ended at 20685, and wave Y lower ended at 20245 as a zigzag. Index then resumed higher in wave 3 which ended at 21730. Subdivision of wave 3 unfolded as another 5 waves in lesser degree. Up from wave (2) at 20247, wave 1 ended at 20550 and wave 2 ended at 20465. Wave 3 ended at 21370, wave 4 ended at 21150, and wave 5 of (3) ended at 21730. Pullback in wave (4) is proposed complete at 21410 and Index has resumed higher by breaking above wave (3) again. Near term, while pullback stays above wave (4) low at 21410, but more importantly above wave (2) low at 20247, expect Index to extend higher. As far as pivot at 20247 low stays intact, dips should find buyers in 3, 7, or 11 swing for further upside.
CME:NKD1!
by Elliottwave-Forecast
NIKKEI INDEX, Confirmed Tripple Top, Further Continuation Ahead!Hello Traders Investors And Community, welcome to this analysis about the current stock-market and its situation, we are looking at the weekly timeframe of nikkei index and there are some meaningful signs which I discovered that will affect the price further next time. As the nikkei index is one of the major leading indexes representing the global economic spectrum it has its value in the current situation, the corona fears on the markets had hit the index similar to other major indexes as the spx 500 but the formation before is different and the ongoing price-action can be different to other indexes. I highly recommend that you watch the analysis where I point out the overall distributional events hitting the stock-market as an example in spx 500 to have a full-depth-overview about the current situation. What is from high significant importance in the nikkei index price action that was built the weeks and months before the crash that it is actually a triple top which is a rare formation in global markets and signals the heavy reversal of the before established uptrend. As you can see in marked in my chart with the blue circles the third top confirmed the overall high in the structure before the corona-breakdowns happened and the market crashed down below support. The snap-back movement from 16470 to the actual price condition was neutral and normal after such a volatile move to the downside, there was also a breakaway gap that was filled but as we are approaching resistance here in the structure the continuum of the before established downtrend may come faster as expected. At the moment we see the index exactly confirming the neckline of the Tripple top which you see marked in orange in my chart, this level at 20500 is actually also building a coherent and logical bearish resistance-cluster because it is corresponding with the 200-EMA which you see marked in black, this is an important EMA because it was support in the uptrend before and now it is resistance, mixing these significant signs all together we currently trade at an important resistance which will be realized when we get a sudden pull-back in the lower direction again as marked in my chart. The targets which you see in my chart will be realized when the index confirms below the lower boundary light blue-trend line, this will add to the bearish shape we actually have in the market. When considering the local support to behold at 18600 it is possible that the market moves one leg more to the upside but the question is if this move will be strong enough because there is a bunch of resistance which shouldn't be ignored. This formation is playing into the overall stock-market situation which has a bearish shape. Some people believe that the bear market in stocks is over now and that we will see new all-time-highs in the major global markets but the percentage possibility for this scenario is at the moment pretty marginal because the real economy is still struggling with global corona restrictions and otherwise the economic landscapes still do not look worthful. When the little possibility fulfills and stocks see new highs the further bear-market which is coming will just be more dramatic and heavier, therefore, we need to concentrate on the anticyclical truffles within the markets which are going against the trend and profiting from the crisis. In this manner, thank you for watching the analysis, support for more market insight and all the best ;) Prosperity is the blessing of the old market, adversity is the blessing of the new. Information provided is only educational and should not be used to take action in the markets.
TVC:NI225
by VincePrince
3
SPX vs other markets since 2020Hi Guys, following my post dated Apr.14th (red arrow before n.3), the Index continued to climb up towards the SMA with a four legs movement made by 4,5,6 and 7. So far the pullback from A or, in my view, the "Bear Rally" retraced 0,618 Fib. 1) from X to A represents the fall caused by pandemic; 2) A was made when the FED used its "bazooka" (2200 same level when Trump was elected US President); 3) a pullback or "bear rally" is happening from A into Fibonacci Retrecement levels or 200SMA or even beyond. The idea remains the formation of a W-Shaped recovery as favoured by many FED Members incl.Powell. However a V-Shaped recovery cannot be excluded as the letter B is yet to be confirmed as the "Bear Rally" may not be over yet. As the pandemic event originated by Covid19 triggered an enormous amount of "FEAR", please keep an eye on the VIX ("Fear Gouge" or "Fear Index"). Here below I will post snapshots of other markets for comparison. Thank you for your support and for sharing your ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
OANDA:SPX500USD
by cozzamara
SONY CORP (6758) Two Scenarios! hey guys, sony is standing on a key structure resistance level! depending on what is your bias on this stock you may either see an ascending triangle on 4H or a double top formation. no matter what it is, we can trade the stock to both sides. if the price breaks above resistance of the ascending formation, for us, it will be a long signal and we buy expecting a continuation to higher scructure levels! in contrast, 6600 is our minor support. being broken to the downside, for us, it will be a trigger to short! both scenarios are equally possible so be prepared! good luck!
TSE:6758Long
by VasilyTrader
3
NIKKEI - NIK225 - Intraday - We look to Sell a break of 19425 (stop at 19500) Posted mild net daily losses but all trading confined to the previous days range, an indecisive Inside Day. Posted a Double Top formation. Expect trading to remain mixed and volatile. Further downside is expected, however, due to the strong support below we prefer to sell a break of 19425, which will confirm the bearish sentiment. Our profit targets will be 19200 and 19050 Resistance: 19585 / 19750 / 20000 Support: 19425 / 19200 / 19050
FOREXCOM:JP225Short
by Signal_Centre