NIKKEI 225 BUY
CONFIRMATIONS
- I believe price is going to fall for the next 12-14 hours however reverse of the ascending redline located on my fib at 27962.
- I never want to say this is a "prime example" because things can change. But this is a pretty regular chat pattern that is forming a "rising wedge". This is a chart pattern I look for very often.
- Price has continued to respect my ascending trend line.
- Price is simply in an uptrend.
- 50 MA is right under price.
- Risk/Reward is 3:1
- Waiting for a shooting star or inverted hammer candlestick.
- I believe price is going to fall for the next 12-14 hours however reverse of the ascending redline located on my fib at 27962.
- I never want to say this is a "prime example" because things can change. But this is a pretty regular chat pattern that is forming a "rising wedge". This is a chart pattern I look for very often.
- Price has continued to respect my ascending trend line.
- Price is simply in an uptrend.
- 50 MA is right under price.
- Risk/Reward is 3:1
- Waiting for a shooting star or inverted hammer candlestick.
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