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JP225 trade ideas
A GOOD FALL SHOWING ON JP225ITS A SURESHOOT
IRS MY PERSONAL STRATEGY
Its showing a good falling
Having a good potential
There is nothing to doubt
It have a great surety of FALL
Due to these reason
1.It have clear-cut neckline without any confusing chat
2. It have clear entry and Tp point
3. Sellers seems heavy due to volume
Index Profit booking to bring this down. Major trend downProfit booking to bring this down. Major trend down.
Stop loss and hedge must
Nikkei 225 is strong. Going for all time high.TVC:NI225
Nikkei 225 index is in range. Price was rebounding and reversing on support & resistance. recently price gone outside of value area tested strong support value area (Sky color) near 30700.
After testing 30700 market was on fire to inside big value area (Range). It's sign of buying in market.
Nikkei 225 MAYBE will go more upside near 32850 or 33000 and then reverse.
NIKEIE 225 INDEXJPN225 forming CUP pattern in Daily chart
Formation of HANDLE is yet to remain
It is trading near to SEPT 2021( HIGH of last 2 year)
After forming HANDLE it will break SEPT 2021 HIGH
But befor formation of HANDLE it may come down.
It is contra call to SELL here for short term scalping.
Once formation of HANDLE complet and it will break SEPT 2021high
And than it will FLY on air.But befor that we can SELL ( with strickt SL)
Negetive diversion is also formed Formed
ONLY FOR EDUCATION PURPOSE
Nikkei - Waiting for breakout to new highsJapan is close to new highs. Good to have position after breakout for long term
Nikki 225 short #elliot_harishraothis index down 3 third wace and 4th bounces and again 5 th and again move up
trand a stock stand on moving avrages like 50 100 200 to differant differant time frames and cadle make a movemetnt down or up
GLOBAL_MARKETSGlobal Markets Weekly Charts
🔴 Last weekly candle is a wide upthrust bar bearish candle.
🔴 Profit booking in the riskier asset classes & rise in DXY.
Japan goes from sideshow to MainshowWe started to write about the ending pattern ni the Nikkei in late July, but if time was a science we could have said it will take another month to complete. The pattern did not change only the point where wave e ends did. We now have a breakout and a strong rally for Japanese stocks as the next impulsive rally begins. Japan longer term is a turnaround market in its own bull run.
CTS - #NikeiDisclaimer
This analysis is designed to provide information that CTS believes to be accurate on the subject matter, but is shared with the understanding that the author is NOT offering individualized advice tailored to any specific portfolio or the particular needs of any individual.
The author of the analysis specifically disclaims any responsibility for any personal or other loss or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this analysis.
NIKKIENIKKEI
It is going to test back its historic peak form in 1990.
Historical monthly charts has shown negative divergence and has led to correction.
But once the higher top and higher bottom formation resumes or is being witnessed
then correction on the back of overbought or negative divergence on RSI can lead to higher bottom formation
in case of correction.
The lower tops has been crossed and the same is shown with black horizontal line.
As a result of the breakout that was seen in last December 20,
expect a rally towards its historical supply zone marked with two horizontal lines at higher levels in due course of time with volatility and sideways correction in lower degrees.
Eventually, Nikkei could be heading towards supply zone-36367-39170.
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
