NIKKEI 1st JUNE 2022The benchmark Nikkei 225 index on the Tokyo Stock Exchange rose 587 points, or 2.19% to 27,369 points, marking its highest closing level since April 21.
Investors were temporarily relieved by the US data, as concerns that the Fed would push for aggressive monetary policy receded.
Bullish trend is limited to 27,777 rebound is possible. If breakout, the price will be higher.
JPN225 trade ideas
NIKKEI A great opportunity to invest. 7 years recurring pattern.The Nikkei index (NI225) has been on a strong correction phase since its September Highs. Despite the early March rebound just above the 1W MA200 (orange trend-line), it was rejected on the 1W MA50 (blue trend-line) pulling the index back towards the lows.
Notice on this chart, however, that the March rebound was performed on a Higher Lows trend-line that is holding for almost 10 years, since October 2012. It was on that trend-line that Nikkei made the bottoms of June 2016, December 2018 and August 2019 and rebounded. Interestingly enough on all cases that was on or marginally around the 1W MA200. The only exception to that was the global asset crash of March 2020 due to the COVID pandemic, which of course is classified as a Black Swan event, and was the only time that the Higher Lows trend-line broke.
As a result, we have a 7 year sample of corrections that end with a bottom on the 1W MA200 and/or the Higher Lows trend-line. At the same time, when the 1W RSI makes Higher lows following an (near) test of the 30.00 oversold level, it indicates that the bottom of the correction is in and the index starts a new Bull Phase.
This indicates that the current level is a confirmed long-term buy opportunity on Nikkei.
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I am selling the NIKKEI (JP225) nowThis is my first trade on NIKKEI and I am scared :)
Well I just follow my rules, so I shouldn't worry.
1) Daily is down
2) H4 is down
3) Nice harmonic pattern setting up
All other indices are showing similar symptoms.
Hope it will be a good one. Stop loss is steep at 200 points but the reward is better.
JP225 (Nikkei 225) Index Intraday Technical Analysis:The downtrend of JP225 continued yesterday. Today JP225 showed recovery in Asian session. But this is not going to sustain in intraday. My target is entry at intraday resistance of 26300 with target of 26100.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
JP225 (Nikkei 225) Index Intraday Technical Analysis:After a week full of blood in the streets. The Asian market took support from 26331. My target for intraday is support of 26300 and the goal for today is 26500.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
JP225 (Nikkei 225) Index Intraday Technical Analysis:Today was a public holiday in Japan. The JP225 index which is aligned with international markets stayed sideways during the active Japanese session. Market once again took rejection from 27444. Effects of less hawkish US fed policy were seen in the Japanese market as well. My idea is that the JP225 will take rejection from 27444. My targets for intraday are entry at resistance of 27444. My goal is support of 27250 and retracement level of 27100.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
Major Indexes are resilient but may be due to selloffThe world is focused on the US indexes which have recently broken down out of the uptrend. The question is now whether there is more downside to come which could turn into a major selloff after such a big Fed Fueled pandemic rally. I take a look at the price action and major levels of the Key Indexes.
In the US - DOW, SP500 and Nasdaq
Europe - DAX, FTSE and Eurostoxx
ASIA - ASX200, Hang Seng and Nikkei
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Nikkei 225 - Bullish upside returning. A repeat of the historyObserving from the descending channel (green line) we could see that it is a fractural kind of pattern in the corrective wave settings. Furthermore, we have been in a larger complex triple three waves and as such, we believe that the upside is returning.
On the chart pattern front, inverted head and shoulder is seen and with the resounding morning star pattern, the Japanese is likely to see a return back to the 30,000 level Banzai!
NI225 Japan recovered lost decades; retested H&S & lower channelNikkei 225 have finally recovered from the lost 3 decades. It BO & retested the neckline of a BIG H&S
Pattern stretching almost 3 decades from 1992 to Dec2020.
It also retested the lower side of a big upchannel, rise up to be rejected by the median line of channel.
It has to hold the strong yellow support zone at around 27000 to be bullish enough to break through median.
However, it may still go down to retest the green zone near 25175, or lower channel/neckline, before a true rally may begin.
Not trading advice