This is an idea for trading INDEX:NKY options. In recent months, Nikkei index did experienced some volatile moments, however, they were all short-term momentum that they were unable to be met with trends that lasted for months or even weeks. The author of this article believes that this trend to continue. So, I suggest opening an Iron Condor spread which...
For all the talk of V-shaped recovery and endless growth in equities, I have charted performance of the Nikkei since 1985.
Nikkei 225 is approaching our first resistance at 21868.6(horizontal swing high resistance, 100% Fibonacci extension, 78.6%Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 21159.1(23.6% Fibonacci retracement , Horizontal swing low support) Stochastic (89,5,3) is also approaching resistance where...
Volume 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...
Exchange rate made a fake broke of historical level 24182. H4 close under it. It's a signal that big players don't have enough power to move it up. I think there will be pullback to Mirror level 23000. We can open a deal because 1. Potential profit in 5 and 8 times bigger than a risk. 2. There was a fake broke of historical level. 3. H4 candle close under key...
I think that the range of 22000-23000 will not last long. Following the course, July 2: It penetrated down 22000 that is the neckline of the blue double bottom. July 5: It was bounced back by YPP (P) and returned to the range. July 9th and July 12th: It went up as attacking the short entry on July 2nd while swinging around. After the movement of attacking...
I think that the range of 22000-23000 will not last long. Following the course, July 2: It penetrated down 22000 that is the neckline of the blue double bottom. July 5: It was bounced back by YPP (P) and returned to the range. July 9th and July 12th: It went up as attacking the short entry on July 2nd while swinging around. After the movement of attacking...
There is no trend, it is NK225 that goes between 22000 and 23000 range. However, it is still difficult to understand price movements. I think that there is no problem by doing both trading and selling. << tactics >> 1) MPP (P) 22372.6 can be recognized as functioning. short. There is WePP (S1) 22195.6 on the way, but thought to penetrate, it limits above...
There is no trend, it is NK225 that goes between 22000 and 23000 range. However, it is still difficult to understand price movements. I think that there is no problem by doing both trading and selling. << tactics >> 1) MPP (P) 22372.6 can be recognized as functioning. short. There is WePP (S1) 22195.6 on the way, but thought to penetrate, it limits above...
Nikkei weekly in consolidation with MACD crossed down. Showed some weakness with the stronger yen
Nikkei inline with DAX seems doing a Double.. While DAX still has some more higher NKD looks like completed while last leg of X extended to the 100% - 1.272% Extension of the - legs.. Note as well price has hit the 61.8% Retracement from all time highs to 14.800's lows.. We should see at least a pull back from here if not an extension towards the major W - X 100%...
As usual $JPN225 and $USDJPY move together, but the index has fallen a lot further. Indices normally recover first (see Brexit)
Watch the lines. Get ready to short as soon as it starts to break down. If it doesn't, wait for it bounce back up towards the black/light blue/green lines.