Japan 225
Short Nikkei @ 22,939; TP @ 22,021.44, SL your choiceShort Nikkei @ 22,939; TP @ 22,021.44, SL your choice
Elliott Wave View: Nikkei Buyers in ControlNikkei shows Elliott Wave bullish sequence from December 26, 2018 low and August 26, 2019 low. This suggests that buyers are in control and favors further upside in the Index. The pullback to 21079 ended wave ((2)) and the Index has resumed higher in wave ((3)). Internal subdivision of wave ((3)) takes the form of a 5 waves impulse Elliott Wave structure.
Wave (1) of ((3)) is currently in progress as a leading diagonal. Up from 21079, wave 1 ended at 21650, wave 2 ended at 21325, wave 3 ended at 22265, and wave 4 ended at 21905. Expect Index to soon complete wave 5 of (1). Afterwards, Index should pullback in wave (2) to correct the cycle from October 3 low before the rally resumes. We don’t like selling the Index and expect buyers to appear in the sequence of 3, 7, or 11 swing as far as pivot at 21079 low stays intact.
NI225short for a pullback near the resistance then Macd is in a good momentum (MONTHLY bullish divergence)
short #nikkei #japan225 22000 and target 21785much overbought and pschological level
215 pts easy in short time trade
a bearish chanel forming on us indicesjust a simple a view of a bearish chanel on sp500 it can be use as signal or entry point.
i draw a basic chart for it been clear
Nikkei 225 - Let's close some gapsStocks looking like poo as usual, short to the ground. Tight stop loss.
Good luck traders.
Elliott Wave View: Impulsive Rally in NikkeiElliott Wave view suggests the rally in Nikkei from August 26, 2019 low is unfolding as an impulse Elliott Wave structure. In the 1 hour chart below, the rally to 21890 on September 13, 2019 ended wave (3) and wave (4) pullback. Internal of wave (3) unfolded as an impulse in lesser degree. Wave 1 of (3) ended at 20800 and wave 2 of (3) ended at 20416. Up from there, wave 3 of (3) ended at 21455, wave 4 of (3) ended at 21295, and wave 5 of (3) ended at 22095.
Near term, the cycle is mature and thus it’s risky to chase the rally at this stage. However, while near term pullback stays above 21800, further upside can’t be ruled out within wave (5).
Short JPN225 @ 21,956; TP @ 21,077, SL your choiceShort JPN225 @ 21,956; TP @ 21,077, SL your choice
Nikkei 225 index formed bullish Shark | A good long opportunityPriceline of Nikkei 225 index has formed a bullish shark and entered in potential reversal zone.
I have defined the targets using Fibonacci sequence as below:
Buy between: 20094.62 to 20460.02
Sell between: 20779.31 to 21503.43
Regards,
Atif Akbar (moon333)
Nikkei Break Out Nearing?Our Dax and ESP 35 trades are continuing as mentioned in previous posts. It seems cheap money and easing will keep stocks propped as there will be nowhere to go for yield. Of course, a geopolitical issue or black swan event can nullify this...and I believe there will be a confidence crisis approaching.
However, we will deal with that when it appears and the bond market will give us the signal for this.
I like what I see here on the Nikkei. A nice downtrend with basing/range. You can say a cup and handle pattern too. Let us await for a break above this resistance one.
Other confluences fake out candles and engulfing candles at the major support below, indicating that we may have shown 2/3 market moves (downtrend and range).
Nikkei Soars Boosted by Conciliatory Tone on Trade War (02)This chart corresponds to the Nikkei daily chart from our article "Nikkei Soars Boosted by Conciliatory Tone on Trade War#
Nikkei Soars Boosted by Conciliatory Tone on Trade WarAsian stocks markets it's traded mostly bullish this Friday aided by a conciliatory tone between China and the United States. This week, the Nikkei 225 (CME:NKD) index futures soars 2.38%, but in the long-term, the Japanese index could see more drops.
Nikkei Demand Wearing ThinA significant level of support (20500) is again being tested... The biggest test the level has had so far.
Up to now every test of the 20500 level has seen a quick 'touch and go' reaction, where supply has very quickly hit demand (waiting buy orders) and price has bounced away with strong momentum.
This time looks very different and suggests that the demand in this area is wearing thin, with sellers having their best chance so far of breaking through this level... If a breakdown in demand does come through and we see a daily close below the current congestion, then expect a swift retest as resistance before dropping to the low of December around 19000.
If the level is able to hold and we start to see some strength in the OBV, pushing positively away from its 20ema then price will meet some heavy resistance at the top of this current triangle.
I expect this to all play out over the next few days and will be heavily influenced by any Trump Tweets and US-Sino trade talk headlines.
Elliott Wave View: Nikkei Looking for More DownsideShort Term Elliott Wave View in Nikkei suggests the decline to 19900 on August 6 ended wave (3). The Index is currently in wave (4) bounce and the internal subdivision is unfolding as a double three Elliott Wave structure. Up from 19900, wave W ended at 20795 as a zigzag. Wave ((a)) of W ended at 20650 and wave ((b)) of W ended at 20220. Then the move higher to 20795 completed wave ((c)) of W.
The Index then pullback to 20075 which ended wave X with internal subdivision as a zigzag. Wave ((a)) of X ended at 20300, wave ((b)) of X ended at 20765, and wave ((c)) of X ended at 20075. Wave Y is in progress with the internal subdivision of a double three in lesser degree. Up from 20075, wave ((w)) ended at 20685 and wave ((x)) ended at 20450. Near term, while above 20075, Index has scope to extend higher towards 20974 – 21530 area to end wave Y of (4). Expect sellers to appear from the above area and Index to either resume lower or pullback in 3 waves at least. We don’t like buying the Index.
Cold it be a Cup & Handle formation?Cold it be a Cup & Handle formation?
It may be developing into one, possibly, no?
NIKKEI Potential Bearish Gartley PatternAs described on the chart!
NOTE: "POTENTIAL" Gartley Pattern
Nikkei 225 Could See a New LowThe futures of Japanese index Nikkei 225 (NKD) it's been traded mostly bearish. During this month, NKD eases 4.98%. In this post, we'll review the short-term Elliott Wave structure and what to expect from this index for the coming days.
Head/Shoulders at $JPN225 $NIKKEI open tonightIn pre-market we are backtesting the neckline. Get ready for some follow through after today's rebound.
