NK225M1! trade ideas
Nikkei: long till 18604With weakening JPY we need to expect a stronger NIKKEI . Expecting a slow rise till 18600.
$NIKKEI - The Thin Red Line - to be, or not to be for Abenomics.Well ... we are one step over the precipice. The market is waiting for another #QE made in Japan. I hope that the strengthening of the yen is temporary and sell signals will be canceled.
Long Nikkei 225 Yen and Nikkie are USUALLY inversely correlated. Watch these two relationships carefully. I expect the Nikkei to decline by at least 4% before bouncing upward.
nikkei 225 weekly reversaldidnt reverse at a random spot either / 2 legs down and long term median line
Short Term long till 18100 , but keeping Medium Term TargetKeeping Nikkei Target at 16000 but correction to 18100 this week certain
Short Nikkei 225Nikkei is leaving long term QQEx Channel with a SSHSS formation. Short- to Mediumterm Target is 16000
Nikkei CBOE DEC Futures-Watch Out for 19340 for further bullishnNikkei/USD Dec futures is consolidating between 19275 and 18675 level for the past four trading session.
The index is facing major resistance around 19340 (200 day MA) and any close above this level will confirm short term bullishness, a jump till 19800/20000 cannot be ruled out .
On the downside the index support is around 18900 and below this level it will reach till 18650. Further weakness only below 18650.
It is good to buy only above 19340 with SL around 19180 for the TP of 19780/20000
$NIKKEI - Extended Third WaveI'm still bullish on the Japan. QE /made in #Kuroda/ pushes indexes higher and higher. Rumor has it the new QE in October /after FED #ratehike??/.
thepatternsite.com
NIKKEI POSSIBLE TOP (1 HOUR CHART)Potential flag formation failure in the daily chart. The hourly chart shows the possible top. On the other hand above 20650 the bull trend will resume.
Minor wave is Final Extention Wave 5 extention 5 move
Strategy is Short start
but extention limit is 20390
Short Nikkei : Bearish Crab : Gap AheadShort Nikkei with bearish crab completing in between 19139 to 19756 (also a gap ) and a trendline resistance at 19139.
Short Nikkei and long XAUUSD
NIKKEI 225 (2000-2015)Monthly chart showing where we are. Just recovered the 2008 losses. 20000 on the horizon?
NIKKEI225-big HS patternAccording to my monthly analisis:
My bias is bearish on this index.
Here is a good chance to enter, at the beginning of the right shoulder of and HS pattern.
The 1.61 and 2.61 fib extensions coincide with the monthly chart.
Happy trading.
NIKKEI 225 TOPNikkei 225 is reversing. M top formation and x-ssing of 20MA on the 50MA. Targeting 15000 (05Fab2015)
Nikkei 225-If you dont want to trade the USDThis analisis is related to previous one:
Details on the chart.
Targets are 0.23 and 0.38 fib retracement.
Happy Trading.
Short Nikkei 225, D, CME (NYI): Pullback DueThe Nikkei 225, D (NYI) is due for a pullback with all major indicators already exiting overbought condition.
Last week's advance is beginning to show signs of a reversal as investors move to take profits. Short Nikkei 225, D, (NYI). Stop loss at 17570, take profit at 16120.
JAPAN ANNOUNCES BIG JUMP IN ASSET BUYINGJapanese authorities surprised everyone on Friday by increasing their already aggressive bond purchases (QE) by a third. In addition, it will expand those purchases to include stocks and real estate investments. The Japanese pension fund also announced that it will increase its allocation to domestic and foreign stocks. That gave a huge boost to global stocks. The most dramatic effect was seen in Japan. Chart 1 shows the Japanese yen tumbling to the lowest level in seven years. At the same time, the Nikkei Index surged nearly 5% to the highest level in seven years. We've pointed out many times before that the falling yen since the end of 2012 has been the main driving force behind Japanese stock gains. That was certainly the case again this week. The monthly bars in Chart 2 show the Nikkei also climbing above a major resistance line drawn over its 1996, 2000, 2007 highs. That upside breakout suggests that Japanese stocks may finally be emerging from their role as one of the world's weakest stock markets. Since the start of 2013, the Nikkei has risen 57% versus a 28% gain in the Vanguard All World Stock Index (and a 41% gain in the S&P 500). Japan is trying to emerge from nearly two decades of deflation. The latest Japanese inflation figure of 1% is only half of the target rate of 2%. It still has a ways to go.
Nikkei at f5 resistance / big channel retestCurrently Nikkei is at resistance of a f5 and a level in which was previously retested in line chart.
It was also halted at the channel trendline.
A successful test at h1 will be meaningful but unfortunately I do not have access to h1 charts for futures.
However this can be translated to other JPY crosses and I also see similar distribution patterns on these crosses.
$NIKKEI - The Ending Diagonal - Abenomics Part II.'On last Thursday, Kuroda met with Prime Minister Shinzo Abe and assured him that he would do more if needed, especially if the BOJ is still failing to meet its 2 percent inflation target.
"Should conditions emerge where the target becomes difficult to meet, we are ready to make without hesitation adjustments to policy, additional easing or whatever," Kuroda told reporters after the meeting. '
Yen weakens, the Nikkei growing. Land of the Rising Sun not yet said the last word.
The next BOJ meeting ist on Oct. 6-7. Until then, the market will live in hope.
www.cnbc.com
www.elliottwave.com
