#NIK225,Signal with huge potentialPerfect resistance line, the NIK225 has already been stopped twice in the above resistance line and it seems that this time it will also fail to break.
The Stochastic in Overbought, and has the same model as it had in the previous 2 times.
The trend is an uptrend but following the data we mentioned above, we recommend sell
Target: 22000
Nikkeishort
Nikkei Wave count and speculative buy zoneThat's all it is at this stage. I am not looking to buy the Nikkei index, but a number of interesting individual stocks mirror this wider theme. Sort of a lower swing high being set and "one more drop" to set a higher low then off we go sort of thing. Let's see.
Short to short-mid bearish, medium term to long term bullish.
NIKKEI approaching resistance, potential drop! NIKKEI is approaching our first resistance at 22346.7 (100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop to our major support at 21472.4 (horizontal overlap support, 61.8% Fibonacci retracement, 100% Fibonacci extension).
Stochastic is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NIKKEI approaching resistance, potential drop! NIKKEI is approaching our first resistance at 22346.7 (100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop to our major support at 21472.4 (horizontal overlap support, 61.8% Fibonacci retracement, 100% Fibonacci extension).
Stochastic is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NIKKEI approaching resistance, potential drop! NIKKEI is approaching our first resistance at 22346.7 (100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop to our major support at 21472.4 (horizontal overlap support, 61.8% Fibonacci retracement, 100% Fibonacci extension).
Stochastic is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NIKKEI approaching resistance, potential drop! NIKKEI is approaching our first resistance at 22320.0 (61.8% Fibonacci retracement ,100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 21460.8 (100% fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support).
Stochastic is approaching resistance as well where we might see a corresponding drop in price.
NIKKEI approaching resistance, potential drop! NIKKEI is approaching our first resistance at 22320.0 (61.8% Fibonacci retracement , 61.8% Fibonacci extension, horizontal overlap resistance) where a strong drop might occur below this level pushing price down to our major support at 20303.4 (61.8% Fibonacci retracement, horizontal swing low support).
Stochastic is approaching resistance as well where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NIKKEI approaching resistance, potential drop! NIKKEI is approaching our first resistance at 22290.7 (61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 21472.4 (61.8% Fibonacci retracement , 100% Fibonacci extension , horizontal pullback support).
Stochastic is approaching resistance as well where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NIKKEI approaching resistance, potential drop! NIKKEI is approaching our first resistance at 22290.7 (61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 21472.4 (61.8% Fibonacci retracement , 100% Fibonacci extension , horizontal pullback support).
Stochastic is approaching resistance as well where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NIKKEI approaching resistance, potential drop! NIKKEI is approaching our first resistance at 22290.7 (61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 21472.4 (61.8% Fibonacci retracement , 100% Fibonacci extension , horizontal pullback support).
Stochastic is approaching resistance as well where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NIKKEI approaching resistance, potential drop! NIKKEI is approaching our first resistance at 22290.7 (61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 21472.4 (61.8% Fibonacci retracement , 100% Fibonacci extension , horizontal pullback support).
Stochastic is approaching resistance as well where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NIKKEI approaching resistance, potential drop! NIKKEI is approaching our first resistance at 22290.7 (61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 21472.4 (61.8% Fibonacci retracement , 100% Fibonacci extension , horizontal pullback support).
Stochastic is approaching resistance as well where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NIKKEI approaching resistance, potential drop! NIKKEI is approaching our first resistance at 22290.7 (61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 21472.4 (61.8% Fibonacci retracement , 100% Fibonacci extension , horizontal pullback support).
Stochastic is approaching resistance as well where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NIKKEI approaching resistance, potential drop! NIKKEI is approaching our first resistance at 22290.7 (61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 21472.4 (61.8% Fibonacci retracement , 100% Fibonacci extension , horizontal pullback support).
Stochastic is approaching resistance as well where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Nikkei approaching resistance, potential drop! Nikkei is approaching our first resistance at 21823.8 (76.4% Fibonacci retracement , horizontal swing high resistance, 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 21414.3 (61.8% Fibonacci extension , 50% Fibonacci retracement , Horizontal pullback support).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NIKKEI approaching resistance, potential drop! Nikkei is approaching our first resistance at 22320.0 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance where a strong drop might occur below this level pushing price down to our major support at 20303.4 (61.8% Fibonacci retracement, Horizontal swing low support)
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
NIKKEI approaching resistance, potential drop! Nikkei is approaching our first resistance at 22320.0 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance where a strong drop might occur below this level pushing price down to our major support at 20303.4 (61.8% Fibonacci retracement, Horizontal swing low support)
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Nikkei approaching resistance, potential drop!Nikkei is approaching our first resistance at 22630.1 (horizontal swing high resistance, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 20855.7 (50% Fibonacci retracement , horizontal swing low support).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
Nikkei approaching resistance, potential drop! Nikkei is approaching our first resistance at 22630.1 (horizontal swing high resistance, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 20855.7 (50% Fibonacci retracement , horizontal swing low support).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
Nikkei approaching resistance, potential drop! Nikkei is approaching our first resistance at 22630.1 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 20855.7 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Nikkei approaching resistance, potential drop! Nikkei is approaching our first resistance at 22630.1 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 20855.7 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Elliott Wave View: Nikkei Rally Likely Fails for DownsideElliott Wave view is calling an end to Nikkei’s rally from December 26, 2018 low with wave X at 21884. The Index should resume the move lower and should eventually break below wave December 26, 2018 low. Or at minimum, the Index should do a larger 3 waves pullback to correct the cycle from 19055 low. Down from wave X at 21884, the decline is unfolding as a zigzag Elliott Wave structure where wave ((a)) ended at 20680. Internal of wave ((a)) subdivides as a 5 waves impulse.
Wave ((b)) bounce is currently in progress as a Flat Elliott Wave structure. Up from 20680, wave (a) ended at 21520 and wave (b) ended at 20705. Internal of wave (a) unfolded as a double three Elliott Wave structure. Up from 21520 low, wave w ended at 21410, wave x ended at 21015, and wave y of (a) ended at 21520. Internal of wave (b) ended as a zigzag at 20705. Wave a of (b) ended at 21160, wave b of (b) ended at 21505, and wave c of (b) ended at 20705. Wave (c) of ((b)) is in progress as a 5 waves impulse. The rally should fail below March 4 high at 21884 for further downside. We don’t like buying the Index and expect rally to fail for further downside as far as pivot at 21884 high stays intact.