Return of the miracle: My forecast of the Japan bull. In 1989 Japan was known as the "Miracle" economy. Then it crashed, and it was thereafter known as the "Bubble economy" (Funny how things change). While I am becoming more and more a huge US bear, I am becoming heavily bias towards the Japan bull, along with some other Asia markets. Seeing the Japan market down over 75%, stagnate for decades and now starting to build up what might be its first new trend leg makes this a lot more attractive to me than the US markets that have been hyper parabolic over the last year ... and quite frankly, look a lot like this Japan did at the high. But we don't have to worry about that. We have the Fed - isn't it a miracle?
I'll update on this some time in the coming months. I currently have no position in Japan, but I'm very interested.
J225 trade ideas
JP225 - Potential Bearish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
JP225 is sitting around a strong round number 30k so we will be looking for sell setups on lower timeframes.
on M30: JP225 formed like a double top pattern but it is not ready to go yet. We want the sellers to take over by breaking below the last low.
Trigger => Waiting for a momentum candle below the gray area to sell.
Until the sell is activated, JP225 would be overall bullish and can still trade higher.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
CTS - #Nikkei225This analysis is designed to provide information that CTS believes to be accurate on the subject matter, but is shared with the understanding that the author is NOT offering individualized advice tailored to any specific portfolio or the particular needs of any individual.
The author of the analysis specifically disclaims any responsibility for any personal or other loss or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this analysis.
Be patient , await the breakout then go BIG in Japanif you have waited 8 long months, what is 1-2 weeks more ?
You can see that the price may be rejected once more at the bearish trend line and continue the sideway moves for a while more before we see the breakout.
OR
It could as what I like to see, a breakout followed by bullish pattern so that I can get in and go long, haha.........
Stocks - Nikkei on Last LegsIdea for Nikkei:
I'm waiting for Asia markets to drag down US markets, but why not just short Asia itself first?
- The sugar rush of QE is over, and Japan is rolling over. Expecting its bear market since Feb to resolve in a capitulation at least down to a monthly support.
- Nikkei under 100D and 9M and at critical support. (50W)
- Expect to quickly capitulate to 24k~ support levels when this floor breaks.
This is not US markets, which rises based solely on gamma, and the slowing global economy is weighing down on it. IMO, any rips here should be sold.
50W:
20M:
GLHF
- DPT
Death cross is here.After a major bull run, we can see a death cross forming.
What is a death cross?
The death cross is a chart pattern that indicates the transition from a bull market to a bear market. This technical indicator occurs when a security’s short-term moving average (e.g., 50-day) crosses from above to below a long-term moving average (e.g., 200-day).
The indicator gets its name from the alleged strength of the pattern as a bearish indication. In short, traders who believe in the pattern’s reliability say that a security is “dead” once this bearish moving average crossover occurs.
Three Phases of Forming the Death Cross:
There are three primary phases in the formation of the cross of death pattern.
The first phase involves the existing uptrend of a security, when it begins to reach its peak as buying momentum tapers off. Then the price begins to fall as sellers gain the upper hand in the market.
The second phase is the decline in the security’s price to a point where the actual death cross occurs, with the 50-day moving average falling below the 200-day moving average. This downside shift of the 50-day average signals a new, bearish long-term trend in the market.
The final phase occurs with the continuation of the downward movement in the market. The new downtrend needs to be sustained in order for a genuine death cross to be deemed to have occurred. If the period of downward momentum is merely short-lived, and the stock turns back to the upside, then the cross of death is considered a false signal.
INDEX - Nikkei 225 - Model ForecastModel Forecast for NI225:
- Line of Least Resistance EW Corrective Wave found.
- Wolfe Wave at Top Distribution Level.
- Weakening rally rejected at top of channel.
- This time the support will break.
- US Markets to follow.
Soon the V's will stop. Easy come easy go.
GLHF
- DPT