Bear Unleashed Nikkei 225Nikkei crossed the R & S area very fast ... if it reaches the "strong support" point within angle 1/4 it is very likely that it will rebound to the R & S area and continue descending for which a new analysis would be needed.
As always the R & S (21800) area can provide an escape point, hard to believe seeing the conditions and trends around the world but ....
Let's see how it develops.
Japan 225
Nikkei - Long Term Hypothesis 1I have two hypothesis on the current situation. Both hypothesis begin in Nov 2012 @8661. The first hypothesis is that since 8661 there has already occured a whole cycle, 1-2-3-4-5-A-B-C, ended on feb 2016 @14915, and that we are now in the beginning of wave 5 of the second cycle.
For this hypothesis to be upheld, Nikkei must not go below 21100. If this level acts as support, a 4794 points extrapolation of wave 1 should send the Nikkei to 25863 before yearend.
There is a chance this hypothesis is not correct, and that we are now entering wave 5 of a bigger cycle that began @8661. In this case the chart would be showing only 1 cycle instead of two. If this is the case, then wave 5 should extend to 28320. This chart will be posted soon.
Cheers
Nikkei Daily Update (25/1/17)Seems like a good short is going to happen.
With 24100 acting as a resistance, price should easily visit the support at 23000
Do note, overall is still in a nice uptrend.
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NIKKEI / W1 - H1 : Very nice resistant cluster to trade.We're now reaching the possible end of the weekly bullish trend and could top up near the heavy cluster of fibo targets.
The "short term" (H1) setup tends to show signs of weakness as well and could validate a massive taking profit reactions from investors (moreover if the yen tends to strenghen which I also expect)
I ploted the expected wave projection on the H1 chart and the target zone in which I'll be searching for short entries to trade the weekly reversal.
Hope this idea will inspire some of you !
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Kindly,
Phil
short at 23600 for target 23000 old support so is 580 pipsshort the nikkei at 23600 as all stock ,in oberboght + euphoria,maybe the mast rally before a big correction,but for now i will wait the real signal and play just sup and res
But true that is very crazy in stock market like just in feb 2016 you put just 10 000$ on nikkei who was around 14500 and now 2 years after at 23500//humm you get a big jacpot and same for all other stock just they down a little you buy again...totally a buble and for my view when it will corect strong will be a crach
short at 23600
target 23000
gain 600 pips
Nikkei: Why Mess Around With The Dow Or S&P? Better Opp Here! I keep getting asked how high will the stock markets go? My answer is.....I DON'T KNOW! I'm not a fortune teller after all! Just your humble little chart analyst! And My analysis is has been telling me that the Nikkei should retrace in a wave (4) now. Actually, I had advised my followers to sell this back in November of last year. Been holding that SELL since then while watching it slowly inch upwards. Sticking to my initial analysis back then that said to SELL, it is now looking again very much like a corrective wave (4) is about to start. Its a better trade than when I sold this back in November. Just put the stops above the wave (3) highs and you got a good risk:reward trade.
Nikkei Daily Update (10/11/17)23,000 acting as a nice retracement.
Support at 22,000
Awaiting retracement for a better low risk entry trade.
Disclaimer :
This analysis does not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose
Nikkei - $NKY - TrendFlex ActiveNikkei - TrendFlex Active Range
TrendFlex Active Score: .95 (moderately bullish)
Price Momentum: Positive
Volatility Range: 21,929 (top end)
21,420 (midpoint)
20,918 (bottom end)
*Note: TrendFlex Active provides a quantitative approach to intraday analysis. By matching up an asset's active score, price momentum and near-term volatility range, traders can decipher when trends begin and when they inflect. An overly bullish score, when combine with the top end volatility range is indicative of take profit or sell. Conversely, the opposite is indicative of a buy or cover.
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NIKKEI / M1 : approaching a massive technical resistanceThis analysis shows that several Elliott wave counts might be about to reach an end point soon (it's monthly based to this could take up to a year or two)
But if we compare this analysis to the one I made on SPX earlier something ticks me up. We seem to be far ahead on nikkei regarding the cycles development.
I'm wondering if the next crisis could come from Japan instead of Europe or China as most investors would bet on nowadays.
Today Nikkei is by far the most bullish index but my analysis tends to say it could also be one the first to reverse for a bearish corrective in two waves.
I'll closely have a look at what prices will do when entering this cluster area slightly above the current prices.
Hope this idea will inspire some of you ! I'ld appreciate any like/follow if you feel like it deserve it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators