Nikkei 225 buy trade the Nikkei 225 index seems to have a bullish bias in the short term, as it has recently broken above a resistance level at around 30,000 points and is approaching its 200-day moving average at around 31,000 points. The index has also formed a bullish inverted head-and-shoulders pattern on the four-hour time frame, which suggests a potential upside target of around 31,600 points. The index is supported by a positive momentum indicator (MACD) and a rising trend line that connects the higher lows since August.
JAPAN225CFD trade ideas
NIKKEI Elliott Wave Analysis for Monday 09/10/2023 (+ Higher TF)The primary expectation is that wave (4) has finished after a WXY correction. We are in the areas from where we can reverse. We are looking at two scenarios on the lower timeframe. The first scenario identifies a complete structure. In the second scenario, two more swings are missing. A failure of both scenarios on the lower timeframe is an indication of a bearish scenario in the higher timeframe.
NIKKEI Elliott Wave Analysis for Friday 06/10/2023The NIKKEI is doing a wave (4) correction as a WXY. Currently, we are working on the Y leg as another wxy structure. We are in the areas from where we can reverse. We are looking at two scenarios on the lower timeframe. The first scenario identifies a complete structure. In the second scenario, two more swings are missing.
NIKKEI Elliott Wave Analysis for Thursday 05/10/2023The NIKKEI is doing a wave (4) correction as a WXY. Currently, we are working on the Y leg as another wxy structure. We are in the areas from where we can reverse. We are looking at two scenarios on the lower timeframe. The first scenario identifies a complete structure. In the second scenario, two more swings are missing.
NIKKEI225 stalls and reverses at supportNIK225 - Intraday - We look to Buy at 31250 (stop at 31000)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Previous support located at 31251. The hourly chart technicals suggests further downside before the uptrend returns. Preferred trade is to buy on dips.
Our profit targets will be 31960 and 32305
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Resistance: 31900 / 32305 / 32630
Support: 31250 / 30800 / 29810
Nikkei 225 IndexHello friends
In the Niki index, we see a 5-wave pattern
which is completing the 5th wave
It seems that wave 4, which is usually longer and more complicated than wave 2, has been completed, and wave 1 of 5 and 2 of 5 have also been completed.
If the bottom range of 31323 specified in the chart is broken, our theory is wrong and should be revised
Therefore, we expect the start of wave 3 out of 5, which is usually the most powerful wave 3 in any wave
Good luck
Big Sideways StructureGreetings everyone,
I hope you've had a productive week with successful trades. I wanted to share some of my ideas on the Elliott Wave Principle. It's crucial to make informed decisions and exercise patience in all transactions.
As per a quote from (J.F.), a professional analyst of the Elliott wave principle, amateur traders tend to focus on the possibilities that may happen while professional traders focus on the possibilities of what is happening.
My recommendation is to bear in mind that, after making a trade, the primary responsibility of the trader is to minimize risk, eliminate it, and ultimately preserve the profits earned.
Thank you for your continued support, and I'm excited to continue our journey together.
Sincerely,
WAVE IV : BIG CORRECTIVE !!!Greetings everyone,
I hope you've had a productive week with successful trades. I wanted to share some of my ideas on the Elliott Wave Principle. It's crucial to make informed decisions and exercise patience in all transactions.
As per a quote from (J.F.), a professional analyst of the Elliott wave principle, amateur traders tend to focus on the possibilities that may happen while professional traders focus on the possibilities of what is happening.
My recommendation is to bear in mind that, after making a trade, the primary responsibility of the trader is to minimize risk, eliminate it, and ultimately preserve the profits earned.
Thank you for your continued support, and I'm excited to continue our journey together.
Sincerely,
NIKKEI SELL The Nikkei 225 Index fell 0.8% to below 32,500 while the broader Topix Index lost 0.7% to 2,370 on Tuesday, erasing gains from the previous session, with nearly all sectors participating in the decline. Breaking a support level and forming a pullback pattern will more likely a sign that nikkei will continue its downtrend move.
Nikkei continues to rise.NIK225 - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Price action looks to be forming a bottom.
This is positive for sentiment and the uptrend has potential to return.
Weekly pivot is at 33118. Preferred trade is to buy on dips.
We look to Buy at 33181 (stop at 32981)
Our profit targets will be 33681 and 33781
Resistance: 33420 / 34015 / 34765
Support: 32960 / 32630 / 32305
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Nikkei at supportNikkei dropped a bit, likely with nasdaq chip selloff on waning consumer demand.
The nikkei boosted almost 7% from the date that china cut rates.
I'd be looking for the gap fills in either direction. Likely there will be a little fighting on market open Monday (Sunday for me) but it should be pretty easy to trade.
Bearish Butterfly Pattern Will Start at 30kthe detail is shown in the above Idea.
I made this Idea based on wedge Analysis and Harmonic pattern using Fibonacci tools.
Bearish Butterfly Pattern Will Start at 30k
and Nikkie Butterfly Needs correction before flying in Sky.
also butterfly wings make wedge pattern.
NI225 Local Short! Sell!
Hello,Traders!
NI225 broke out of the
Opening wedge pattern and
Went up but the path above
Is now blocked by the resistance
Level of 33,757 and I doubt that
It will be broken with the fist
Attempt so a local correction
From the level is to be expected
Sell!
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NIKKEI INDEX, Holding Important Levels, This Is Possible Now!Hello Traders Investors And Community, welcome to this important analysis about the NIKKEI 4-hour timeframe perspective, recent events occurred, the current formation-structure, what is possible within this environment, what we can expect when the proper scenario has confirmed rightly. In the last weeks almost all major world indices seem to recover from the heavy corona-breakdowns marked this year but the big question now will be if these recoveries are sustainable or if there are coming bigger pull-backs when not a continuation of the bear-action established this year ahead. In the NIKKEI I found some interesting and meaningful signs how further development will proceed which will have an impact on the outcome.
As you can examine when looking at my chart is that the NIKKEI is building up this triangular-formation marked with the orange triangle in my chart which is building coherently up by the falling resistance line you can watch marked in light-blue and the lower boundary of the rising channel the NIKKEI is forming here. Not only these levels building the symmetrical triangular formation which can break either to the up or downside here but also the confirmed touches of the lower and upper boundary and the several touched of the 60-EMA marked in red which is a significant factor in this range holding the overall trend to the upside, when this EMA is broken to the downside it will cause great bearish pressure, therefore, it is highly necessary to hold this EMA.
Taking all these factors into consideration and the fact that NIKKEI has not yet confirmed below the 60-EMA and therefore holding above it and the lower boundary a bullish breakout is more possible than a bearish breakout which will confirm with a 65 % possibility better as the bearish with a 35 % possibility, to make this breakout sustainable it is from high importance that the NIKKEI closes above the upper boundary with a protracted and stable move to confirm it in the right manner. When the breakout happens it can be traded conservatively after a pull-back, although the immediate entry in the triangle is also possible here it should not be kept as the best option as the triangle has still not confirmed so far the conservative trade should be smarter.
In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you!
Trading is about accessing possibilities, not certainties.
Information provided is only educational and should not be used to take action in the markets.