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!
Japan 225
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 ...
Nikkei 225 set for Long moveIts been a while since I published.
Ive been checking Nikkei 225 for a while. The market has moved to a long standing Bull Trend line, where its developed Bull reversal this trading week over the last two days.
With Asia session about to begin, watch for strong continuation. Yall know how JPY react. Very solid movers once a move is in play.
This current level is perfect to catch the wave, with previous High being high probability TP.
Price Action Pmlani
thePeoplesTrader
Nikkei approaching support, potential bounce! Nikkei 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 first resistance at 23066 (horizontal swing high resistance, 38.2% 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 Japan Stock Index (Oct 2018)(Wait at resistants,& Short) This will be my views of Nikkei Japan Stock Index (Oct 2018)
Please make sure to read the "update" comment as there will be changes along the way.
Cheers.
S0nic
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Nikkei 225 Broke Past Major Support, Potential To Drop Further!Nikkei225 broke out of its strong support turned resistance line at 23046 which could trigger a further move down to its next support at 22215 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support). Ichimoku cloud also shows signs of downward pressure.
Nikkei 225 going down.Long-term projection of the Nikkei that seems to have reached a maximum, opening the possibility of an adjustment.
With an important support in the 22850, a slow and gradual descent can be expected. Moving with ups and downs toward the end of November or mid-December.
This represents a lot of money, so it is only a guide for intermediate movements.
Let's see how it develops,
Follow your own plan.
Best wishes all.
JP225USD Approaching Support, Potential Bounce!JP225USD is approaching its support at 23491.4 (100% & 61.8% Fibonacci extension, 23.6%, 38.2% & 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce up to its resistance at 24549.6 (horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 8.4% where a corresponding bounce could occur.
Nikkei Elliott Wave Right Side Calling HigherHello Traders,
Nikkei short-term Elliott wave view suggests that the decline to 22161 on 9/06/2018 low ended red wave 2. Above from there, red wave 3 remain in progress, nesting higher in an impulse structure. With lesser degree cycles showing sub-division of 5 waves structure in each leg higher i.e black wave ((i)), ((iii)) & ((v)) expected to unfold in 5 waves structure. Also, it’s important to note that the right side is up & instrument is having a bullish sequence tag available in below chart. This suggests that the selling is not recommended.
Up from 22161 low, the initial rally to 22750 high black wave ((i)) in 5 waves. The decline to 22535 low ended black wave ((ii)) pullback.
Then the rally higher from there ended black wave ((iii)) at 24120 high. The pullback to 23817 low ended black wave ((iv)). Above from there black wave ((v)) of 3 remain in progress, looking to extend higher as long as the pivot at 23817 stays intact.
Afterwards, the index is expected to do a wave 4 pullback in 3, 7 or 11 swings before further upside is seen. We don’t like selling it & expect buyers to appear in 3, 7 or 11 swings against 23817 low.
Nikkei Bottom formation after 2008 crisis: take-aways BTCUSD Hello all,
I'm trying to analyse several bottom formations of different asset classes in order to find key take-aways that could be useful for the BTCUSD bottom formation.
On my profile page you can find the BTCUSD analysis based on the same principles.
The Japanese Nikkei bottom formation after 2008 financial crisis:
- Top 200 MA: 17 300
- Bottom 200MA: 8 752
- Draw a fibonacci retracement from top to bottom:
Conclusions:
- After heavy selloffs; 115% retrace from 200MA top served as support.
- price levels below 115% got bought up quickly
- Afterwards price was mostly trading in the 85 - 100 - 115 retrace channel from 200MA top
- 200MA touched 100% retrace once.
- Jun2012 - Dec2012 strong consolidation around 100% retrace zone with very low volatility.
Link BTC 2014 Crash:
- parabolic selloffs
- price levels below 115% got bought up quickly
shortcommings:
- Prediction of 200MA trendline
- Empirical analysis
I'm looking forward to your feedback.
Best,
Bavo
Global Markets : Out of Sync ?Till 29 Jan 2018, Everything was in order but after that correction DAX & Nikkei got out of sync with SPX500 & Nifty. The divergence is clearly visible and if both DAX & Nikkei breaks the recent low then it could be the start of the next bearish markets which are long pending since 2008. And the EW wave count on NIfty & SPX500 is showing wave 5 of wave 5 ( a top in sight ) and on other hand Dollar Index is becoming bullish day by day. Any further rally in DXY would derail the last standing emerging markets and with it the SPX500.
Japanese stocks beginning to moveToday’s session saw the Nikkei close above 23,000 for the first time since the January sell-off. The chart below shows the Nikkei well positioned for a rally. Note: a) 3 higher lows b) the index on the right side of a long-term uptrend, and c) the first close higher above a 7 month resistance (the break).
This specific setup offers a good risk-reward: Entry now at 23,100 with a stop-price at 22,000 -last swing higher- for just a 5% risk.
Data based on Japan's Ministry of Finance data, and compiled by CLSA, shows the profitability of corporate Japan surging to its highest level since comparable data started being compiled in 1954. Growing data shows that Japan — in the face of a permanently bearish view of Japan’s demographics, high public debt and historically weak corporate governance — is midway through a historic turnaround in productivity and corporate return on equity. That view, said Morgan Stanley in a report published this week “puts us strongly against the consensus opinion that Japan should remain a structural underweight in global equity portfolios”.