Index Profit booking to bring this down. Major trend downProfit booking to bring this down. Major trend down.
Stop loss and hedge must
About Nikkei 225 Index
The Nikkei 225, commonly referred to as "The Nikkei" is a Japanese stock market index based on the market capitalization of the top 225 companies traded on the Tokyo Stock Exchange (TSE). This is a price-weighted index based on the Yen, and the value has been calculated daily by the Nihon Keizai Shimbun (Nikkei) newspaper since the Index's inception in 1950. The Nikkei 225 index got its start on September 7, 1950 and was retroactively calculated back to May 16, 1949. Nikkei 225 Futures Contracts got their start on the Singapore Exchange (SGX) in 1986 and then began trading in the United States when they debuted on the Chicago Mercantile Exchange (CME) in 1990. The Nikkei is the most widely quoted index when referring to Japanese equities, followed by the Topix which seeks to track all 1,669 companies listed on the first section of the Tokyo Stock Exchange (TSE).
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 ma
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 format
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 imp
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