Nikkei approaching resistance, potential drop!
Nikkei is approaching our first resistance at 21142.6 (horizontal pullback resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 20082.9 (horizontal overlap support, 50% Fiboancci retracement).
Stochastic (89,5,3) is also approaching our resistance where we might see a corresponding drop in price.
Stochastic (89,5,3) is also approaching our resistance where we might see a corresponding drop in price.
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