Japan 225Short
Nikkei testing major support, watch for the break!
Nikkei is testing major support at 21700 which is the 38% retracement and 61.8% extension along with a strong overlap support. Breaking this level could trigger a strong move down to 21353 ( 61.8% retracement , 100% extension, horizontal overlap support).
It's important to note that RSI has broken below our strong 50% support signalling that a potential bearish move is on the horizon.
It's important to note that RSI has broken below our strong 50% support signalling that a potential bearish move is on the horizon.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.