Nikkei 225 Approaching Support, Potential Bounce!Nikkei225 is approaching its support at 21270 (76.4% Fibonacci retracement, 61.8% Fibonacci extension) where it could potentially bounce to its resistance at 22633 (50% Fibonacci retracement, horizontal swing high resistance)
Stochastic (89, 5, 3) is neutral where it could approach its support at 6.7%
Japan 225
NIKKEI (NI225) Is No Exception (Crash Incoming Up to 50%)The NIKKEI is no exception to the crash that is coming to conventional financial markets.
We've looked at the NASDAQ, DJI, SPX, US10Y, APPLE and others and they are all pointing down strong. Many are already crashing into correction levels.
For the NIKKEI, we are seeing very strong bearish divergence showing up on the MACD and RSI. Each time this divergence showed up in the past we saw massive crash, up to 50% and more some times.
Now this divergence is showing up again and NI225 is starting to crash.
Normally, all supports in the form of EMA lines are broken, so you can expect something similar this time.
You've been warned, the market is about to fully crash... Time to move into crypto.
Namaste.
NIKKEI, Long, 4-6 MonthsKIKKEI225 will keep being very probably bullish in the next months as most of the stock markets.
The bull trend should start when RSI crosses>53. The price already has crossed upwards a bullish MM70 over the MM210.
Averaging upwards at market price.
Target: 26 000+
Stop: 20 609
Opened: 22 200
Nikkei appraoching resistance, potential drop!JP225USD is approaching our first resistance at 23123.0 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 21834.6 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Nikkei225 Reversed Off Support, Potential Drop!JP225 reversed off its 1st resistance at 22217 (61.8% Fibonacci extension, 61.8% & 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 21216 (horizontal swing low support).
Stochastic (34, 5, 3) reversed near its resistance at 97%.
Nikkei is approaching resistance, potential drop! Nikkei is approaching our first resistance at 21856.1 (horizontal pullback resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 20680.6 (100% fibonacci extension). Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop in price.
Death by KarodaHere is a case study on what NOT to do as a central banker. Despite terrible demographics the Central Bank of Japan insists on buying up stocks and suppressing interest rates to the point where Japanese industry and government debt is uninvestable. By the time this is all done, the Japanese economy could very well be gold backed.
Nikkei is approaching resistance, potential drop! Nikkei is approaching our first resistance at 21887 (horizontal pullback resistance, 100% fiboancci extension, 23.6% fibonacci retracement) where a strong drop might occur pushing price down to our first support at 20680 (100% fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (34) is also seeing a bearish exit in line with our bearish bias.
Nikkei: The Why's & How's I'm SHORT Now - Lesson In Wave TradingThere is NEVER a SURE 100% trade. And I'm not giving you one. Let's be clear about that. But as you can see on my chart, I'm sure enough about what is about to happen to the Nikkei that I am already SHORT on it TWICE OVER. And if prices do go the way I am projecting and they do pull back up and cover those HUGE gaps that were left behind, I'll be looking to sell again! But let me explain why I think this.
What I see happening is that the recent high that was just established could very well have been the top of a wave (X) correction. This following the completion of a wave (W). That wave (W) was a sharp downward correction off the possible completion of that HUGE LONG impulse wave that lasted years! That wave (W) crash signaled the end of that MAJOR impulse wave. I had been calling that long impulse wave up as a wave (iii) and that crash down ended it. So why didn't I label that wave (W) drop as a completed wave (iv)? Well, it could be but highly unlikely given that it was so sharp and brief. Wave 4's don't tend to be that way. Wave 4-type corrections usually unfold in an long drawn out fashion. And if you have been counting waves as long as I have, you would've have seen this kind of price action take place hundreds if not thousands of times in the 26+ years that I have been trading. And I also seen just as many times what follows, too.
So for arguments sake, let's just say that my wave count is correct and that was indeed a completed wave (iii) and what followed was a wave (W). After a wave (W), you would expect that the next wave will be a corrective wave (X). And what did follow was a very clear 3-wave corrective wave (X). But only one problem....that correction ended ABOVE the top of what I labeled as the wave (iii) end. So, that opened up 2 possibilities...1) that the new high was actually the end of that MAJOR wave (iii) or 2) as I see it, this overall correction following where I labeled the end of the wave (iii) is unfolding as an extended flat where the corrective wave (X) does exceed the high of the previous complete impulse wave. If that is the case, then we can already project what is to happen next and also project possible targets based on the rules that we have for extended flats and how they tend to unfold.
Regardless, I trust my wave count because as you can see, I've hit 4 out of 4 trades pulling in over +8000 points over the course of this year JUST on the Nikkei alone! You don't even want to know how I did in the other major indexes as you would find it hard to believe! But that is besides the point. The point I'm trying to make here is that if you can apply a good, workable wave count combined with a good knowledge about price action, you can make trades like these. Those 4 out of 4 (100%) winning trades are just the ones that I have already closed and banked the profits on. That does not include the 2 OPEN SHORT trades that are already in profit now.
If you find it hard to believe me, here is my chart I published to my followers back on September 12th showing my projections on what was to happen in the Nikkei. As you will see, that "explosion up" that ended what I have recently labeled the wave (X) I had already predicted would happen MONTHS AGO. That is the power of wave counting in action!
There will be those that argue that my wave count is not correct and if you know me, you also know that I don't prescribe to the theory that you absolutely have the ABSOLUTE correct wave count in order to make money. No. You just have to have a workable wave count that puts you on the right side of the market.
So if you believe me about what I see, you will want to wait for prices to pullback before you look to get SHORT.
If you want to know more, PM me or see my signature box below for more info.
Nikkei approaching support, potential bounce!Nikkei is approaching our first support at 21624 where a strong bounce might occur above this level pushing price up to our major resistance at 23080 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching support we might see a corresponding rise in price should it bounce off this level.
Nikkei approaching support, potential bounce! Nikkei is approaching our first support at 22171.7 (horizontal swing low support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 23673.3 (horizontal pullback resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also approaching support where a bounce off this level might see a corresponding rise in price.
Nikkei approaching support, potential bounce! Nikkei is approaching our first support at 22205.6 (horizontal swing low support, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong bounce might occur pushing price up to our first resistance at 23673.3 (horizontal pullback resistance 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
Nikkei - Upside PotentialHello everybody!
The Nikkei are in my view in a further upward movement and this could be in one-iii-the 3 of the (3).
This should carry the Nikkei to over 25,000 points and thus to new annual highs. Later, there are also over 28,000 points in it.
The 22,950 points mark should not be violated! If this mark falls and the 20,000 will be tackled again later,
The bull market is likely to be over, with a price of 15,000 on the plan.
Nikkei approaching support, potential bounce! JP225USD is approaching our first support at 22205 (horizontal swing low support, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 23673 (horizontal pullback resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
Nikkei 225 - Exaggerated Bullish Divergence On SupportVolume divergences play very cleanly on weekly indices.
CME's NY1! tracks the Nikkei chart to a tee, with an added bonus of volume.
Regular bearish played out strongly and landed right on McGinley as support with an exaggerated bullish divergence to pop it back up. Although the author does not agree on using any moving average as a signal, this looks like a great spot to buy with a tight stop and minimal chance of reversal if it does break down here.
Watching the aqua line ($23005 area) for resistance and for any correlation between U.S. equities and cryptocurrencies.
Nikkei 3.8% swing tradeHello traders,
Looking at hourly chart for Nikkei, we see a strong bounce at a major support level, and I expect 0.382 Fib bounce.
Target: 23000
Most likely it will form head and shoulders pattern before the market crashes so this will probably be a final chance to exit the trade if you have not exited the trade yet.
Happy trading!
USDJPY to take advantage of Nikkei Power/ Dollar retraceThe Dollar could breathe and retrace after a few days of falling.
Nikkei index is set for a Bull run as specified in the previous post.
See the link below for NIKKEI225 setup
I see this market wanting to use that, to COMPLETE THE SETUP.
USDJPY aught to use that momentum to make a move from the
0.25 quarter to the 0.5 quarter , namely 112.5 to 115 psychological level
and previous unreached high.
Here is a closer look at 4hr chart ...