JPN225 trade ideas
Nikkei Trend view with Elliott WaveOm Namah Shivay
The Nikkei is on a bull run from oct 2008 bear bottom. We can base that and try doing a count up.
Focusing on the short term impulse, shows the nearby wave 5 possible.
This is for education purpose only.
Om Namah Shivay
Trading Near very important level make or Break*Nikkei Trading near very important Fibonacci level 0.618 and made rectangle pattern.
* If breakout will happen we will see a big move around 20% to 30 % .
NIKKEI 225NIKKEI 225 is forming a long term inv h&s pattern ....right now in consolidation so may even correct fr some time... bt once it crosses 24,400 level on monthly closing basis than a new uptrend will start for a very long term .... suggested to sip in index fund of japan on 9/10/20
WAVE ANALYSIS NIKKEI 225Nikkei 225 Index 1H TF Elliot Wave Analysis
The Price is still consolidating in the Triangle channel as abcde, Nikkei could Retrace till 19987.31 to 19719.48 odd levels.
The Index is still in Bearish Sequence
TVC:NI225
Nikkei Consolidating Before Making Next Move Up.Nikkei 225 is in consolidation before it resumes uptrend, How to profit from it as in India you can't trade Nikkei. Well Short "Japanese Yen"
NIKKEI below 20K?Considering the retracement zones, a bearish grip could pull the Nikkei to near 18k price points. The Yen is losing it's haven-like reputation with Japan's national debt on the rise at almost 2.5x of GDP.
How long will the range of 22000-23000 last?I think that the range of 22000-23000 will not last long.
Following the course,
July 2: It penetrated down 22000 that is the neckline of the blue double bottom.
July 5: It was bounced back by YPP (P) and returned to the range.
July 9th and July 12th: It went up as attacking the short entry on July 2nd while swinging around.
After the movement of attacking while swinging the breakout, the break succeeds after trying it a couple of times.
Therefore, it seems that there will be some move to clearly penetrate the red line or break YPP (P) downward.
Based on that, the latest is as follows.
<< tactics >>
1) MPP (R1) functioned as a resistance after failure to penetrate the red line.
Short entry.
The first limit is above MPP (P) 22441.9.
The second limit is above 22000.
The third limit is above YPP (P) 21488.5.
2) It went through the red line and 23000 upwards.
I will observe to find the next entry point.
I would be grateful if you like it idea,give me follow or agrees!
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Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thick line: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding round number.
Red thick line: Untrustworthy line for me
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
x mark: Line which may not function
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Does MPP (P) 22372.6 work?There is no trend, it is NK225 that goes between 22000 and 23000 range.
However, it is still difficult to understand price movements.
I think that there is no problem by doing both trading and selling.
<< tactics >>
1) MPP (P) 22372.6 can be recognized as functioning.
short.
There is WePP (S1) 22195.6 on the way, but thought to penetrate, it limits above 22000.0.
However, consider exit if it is reflect cleanly in WePP (S1).
2) MPP (P) 22372.6 cannot be recognized as functioning.
Pierce the MPP(P) upwards and recognize the support and consider the long.
I think that double zero 22500.0 is losing its function. But if it works I thinks of exit.
I would be grateful if you like it idea,give me follow or agrees!
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Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding double zero
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close
x mark: Line which may not function
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Nikkei Multiyear Rectangular breakout..BuyWow its like 1990s again in Nikkei…Most overbought in 31 yrs..16% up in last 2 months.Not a single down day in last 21 days….
Rectangle breakout on its monthly chart….A throwback to 20,000 possible with upside target of 32500… may just fall short of 35000 of 1990s
DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATONAL PURPOSES. NON ADVISORY, DISCRETIONAL. NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS. PLEASE CONSULT YOUR FINANCIAL ADVISOR BEFORE INVESTING
will nikkei Retrace?Nikkei broke the trendline today and closed around 16250. will it retrace again back to the trend line where fibbo of 78.6 lies. 16900-17110 can be a good zone to short. can long till 16900 with sl of 16050.
