$NIKKEI Futures Beautiful chart$NK_F looks absolutely beautiful on the hourly chart. I believe that it will inverse head and shoulders directly up into its top downtrend line which also happens to intersect with its FIB 61.8% level. GL HF HOMIESLongby Bearish-Bulls5
Life is great againJust had coffee with a trading friend for 2 hours and he was swearing and complaining to me how much he had lost in the stock market! More than 5 figures and worst of all, he kept this from his spouse. He continued to rant on and on about how the market is spooked, manipulative and blamed it on the Central Government for doing too little too late. Could he be right ? I don't know. I had my fair share of seeing red in my own portfolio and several positions been stopped out as well. I could not find a better phrase nor word to say what needs to be done now. Then I came across this article here. It hit on me that a professional jockey could still put on a smile despite not winning for 137 times !That is really admirable in terms of his "never-give-up" attitude. I am not saying the market will turn around this week if you choose to stay on. Nobody can tell you for sure just like how this stock market plunge took many by surprise. It is like a domino effect, first the Coronavirus dampening the mood of stock market, then the oil play between the OPEC members dragging down the futures and then the stocks as well. Nothing is spared with the exception of safe haven like gold, yen and the VIX. I have previously mentioned that one must not treat trading as everything in life but just a compartment of his life. There must exist space and time for family, friends, hobbies, social life, etc. Striking a balance is KEY as this is the time where you seek solace in this areas to let out your stress in a healthy manner. What goes down must comes up and vice versa. To miss the game of it coming up and you not participating in it would be such a shame because you call it quits. Not for another 137 times, now that is professional !! Have the right mindset an you will be able to survive any disasters! Take care ,everyone !by dchua1969Updated 8
Bounce Zone 3/4 : $NK1! Trend line support Part 3 of the Bounce Zone series. $NK1! at medium term uptrend line and SSR support.Longby WellTrainedMonkey3
Elliott Wave View: Nikkei (NKD_F) Reaching Support AreaShort term Elliott wave view in Nikkei (NKD_F) suggests the Index is doing a larger degree pullback to correct the cycle up from August 26, 2019 low in wave IV, which is unfolding as a flat. Wave ((A)) of IV ended at 22630 low and wave ((B)) ended at 24030 high. From there, it has extended lower in wave ((C)), which is unfolding as a 5 waves impulse Elliott Wave structure. Down from wave ((B)) high, wave (1) ended at 23090 low. The bounce in wave (2) ended at 23803 high. After that, the index extended lower in wave (3) which subdivides in lesser degree 5 waves. Wave 1 of (3) ended at 23415 low and wave 2 ended at 23635 high. The index continued lower in wave 3, which ended at 22165 low. Then, the bounce in wave 4 ended at 22365 high. The push lower in wave 5 of (3) ended at 22075 low. From there, the index then bounced in wave (4), which ended at 22735 high. Near term, the index has reached the 100% extension area from December 17, 2019 high between 21483-22489. However, expect another leg lower before the cycle from December 17 high ends in wave IV as long as 23803 pivot stays intact. Afterwards, the index should see a larger 3 waves bounce at least from the blue box area.by Elliottwave-Forecast9
Elliott Wave View: Nikkei Has Resumed HigherShort term Elliott wave view in Nikkei (NKD_F) suggests the Index ended the correction from December 17, 2019 high in wave ((4)) at 22628. The Index has resumed higher in wave ((5)) although it still needs to break above wave ((3)) on December 17, 2019 high at 24140 to avoid a double correction. However, the rally from February 1, 2010 low (22628) is unfolding as a 5 waves impulse Elliott Wave structure, favoring the upside. Furthermore, other world indices such as $YM_F (Dow Jones Futures) and $NQ_F (Nasdaq) have already broken to new high, supporting the view the next leg higher has started. Up from February 1, 2020 low (22628), wave 1 ended at 23015 and wave 2 pullback ended at 22800. The Index has resumed higher in wave 3 which subdivides in lesser degree 5 waves. Dips is expected to find support while above 22628 for further upside. We don’t like selling the Index. Near term, expect a few more highs before cycle from February 1 low ends as 5 waves in wave (1). Afterwards, it should correct cycle from February 1 low in wave (2) before the next leg higher. As far as pivot at 22628 low stays intact, expect dips to continue finding support in 3, 7, or 11 swing for further upside.by Elliottwave-Forecast8
#NKDH - Possible Long IdeaLong with "low risk" stop is nearest support zone.Longby OKCapitalUpdated 5
NKD225signal number 50 BUY IN : 22950 STOP LOSS : 22150 TAKE PROFIT : 24740 #NKD225Longby topchart_ir8
The Nikkei in a downtrendThere is a trend setup here. Since current price is in a downtrend at the moment, I suspect a minor pause and then change in direction where the volume is the heaviest. No additional confirmation is needed.Longby milTraderG223
NIKKEI bounced from support, potential for a further rise! NIKKEI bounced off 23645.0 where it could potentially rise further to 24540.0. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Longby FlowState5
Elliott Wave View: Nikkei Finding SupportElliott Wave view on Nikkei (NKD_F) suggests the rally to 24148 on December 17, 2019 ended wave ((1)). Index is now doing a wave ((2)) pullback and the internal is unfolding as double three Elliott Wave structure. Wave ((2)) pullback should correct the entire rally from August 26, 2019 high before Index resumes higher again later. Structure of the decline from December 17 high looks corrective which favors the idea the decline is a correction instead of a new bearish cycle in larger degree perspective. Down from 24148 high, wave W ended at 23320 as a zigzag. Wave ((a)) of W ended at 23710 and wave ((b)) of W bounce ended at 23960. Index then resumed lower in wave ((c)) of W which ended at 23320. Bounce to 23800 ended wave X and wave Y lower ended at 22950 as another zigzag structure. Wave ((a)) of Y ended at 23170 and wave ((b)) bounce ended at 23570. Wave ((c)) of Y ended at 22950 which also completed wave (W) in larger degree. Expect the Index to bounce in wave (X) to correct cycle from December 17, 2019 high before the decline resumes. As far as pivot at 24148 high stays intact, expect the rally to fail in 3, 7, or 11 swing for further downside.by Elliottwave-Forecast6
Nikkei bounced from support, potential for a further rise! Nikkei bounced off 23660.0 where it could potentially rise further to 24540.0. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Longby TradeGATEHub3
Nikkei bounced from support, potential for a further rise! Nikkei bounced off 23645.0 where it could potentially rise further to 24540.0. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Longby FlowState5
Nikkei 225 bounced from support, potential for a further rise! Nikkei 225 bounced off 23645.0 where it could potentially rise further to 24540.0. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Longby FlowState6
Elliott Wave View: Nikkei Should Extend HigherElliott Wave view in Nikkei (NKD_F) suggests that the Japanese Index ended wave (4) on December 3 at 22898. This is part of a bigger impulsive 5 waves rally from August 25, 2019 low (not shown on the chart). Up from August 25, 2019 low, wave (1) ended at 21970, wave (2) pullback ended at 21070, wave (3) ended at 23660 and wave (4) ended at 22898. In the 1 hour chart below, we can see the Index has resumed higher in wave (5). The rally from December 3, 2019 low is unfolding as a 5 waves Elliott wave impulsive structure. Up from 12/3/2019 low, wave ((i)) ended at 23565 and wave ((ii)) pullback ended at 23265. The Index then extended higher in wave ((iii)) towards 24075 and pullback in wave ((iv)) ended at 23770. Index is expected to end wave ((v)) soon with another leg higher. This final leg should also end wave 1 in higher degree. Afterwards, Index should correct cycle from December 3, 2019 low within wave 2 before the rally resumes. We don’t like selling the proposed pullback and prefer buying wave 2 dips in 3, 7, or 11 swing as far as pivot at 22898 low stays intact. Potential target for wave (5) is 100% – 123.6$ Fibonacci extension of wave (1) towards 25171 – 25707.by Elliottwave-Forecast11
Nikkei 225 Japanese supply and demand forecastNikkei 225 Japanese Index has been rallying for a few weeks creating new strong weekly demand imbalances. Nikkei 225 index has unfortunately not retraced yet to any of these two strong weekly imbalances and continues to rally on its way to weekly supply imbalance around 23600. Nikkei 225 Japanese Index futures forecast. As per the weekly timeframe analysis, Nikkei 225 Index futures is in a clear uptrend creating new weekly demand imbalances at 21850 and lower at 20570. Nikkei tried to correct and reached bottom weekly demand level but it just couldn’t and kept on rallying ending up creating another strong weekly demand imbalance around 21850. Long term long bias on Nikkei index. This is the kind of price action technical analysis you will learn in our trading community. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances. Trading supply and demand imbalances is ideal for beginners and those with a full or half time job, you won’t need to stay in front of the computer all day long trying to move price action with your mind. Longby AlfonsoMoreno117
Elliott Wave: Nikkei Bullish Sequence Favors More upsideNikkei incomplete sequence from December 26, 2018 low and August 26, 2019 low, favoring further upside. A 100% Fibonacci extension from August 26, 2019 low comes at 23360 while 100% extension from December 26, 2018 low comes at 23380. Until the Index reaches this area, short term dips likely remain supported in 3, 7, or 11 swing. On the chart below, we can see the pullback to 21070 ended wave ((2)). The Index resumes higher in wave ((3)) with the internal subdivision unfolding a 5 waves impulse Elliott Wave structure. Up from 21070, wave 1 ended at 21650 and wave 2 pullback ended at 21325. Index then resumed higher in wave 3 towards 2300, and wave 4 pullback ended at 22661. Index should soon complete wave 5 of (1). Afterwards, it should pullback in wave (2) to correct the cycle from October 3 low before the rally resumes. We don’t like selling the Index and expect buyers to appear in the sequence of 3, 7, or 11 swing as far as pivot at 21070 low stays intact.Longby Elliottwave-Forecast3
Elliott Wave View: Nikkei Buyers in ControlNikkei shows Elliott Wave bullish sequence from December 26, 2018 low and August 26, 2019 low. This suggests that buyers are in control and favors further upside in the Index. The pullback to 21079 ended wave ((2)) and the Index has resumed higher in wave ((3)). Internal subdivision of wave ((3)) takes the form of a 5 waves impulse Elliott Wave structure. Wave (1) of ((3)) is currently in progress as a leading diagonal. Up from 21079, wave 1 ended at 21650, wave 2 ended at 21325, wave 3 ended at 22265, and wave 4 ended at 21905. Expect Index to soon complete wave 5 of (1). Afterwards, Index should pullback in wave (2) to correct the cycle from October 3 low before the rally resumes. We don’t like selling the Index and expect buyers to appear in the sequence of 3, 7, or 11 swing as far as pivot at 21079 low stays intact.Longby Elliottwave-Forecast8
Nikkei225 price action setuoLooking forward for further upside & correction PA, by 1st half of October '19.Educationby Pandorra223
Nikkei Soars Boosted by Conciliatory Tone on Trade War (02)This chart corresponds to the Nikkei daily chart from our article "Nikkei Soars Boosted by Conciliatory Tone on Trade War#Longby EagleFX-com0