"Top and Bottom Analysis" NIKKEI (NI225) by ThinkingAnts
4H CHART EXPLANATION:
Main items we see on the chart are:
- Price facing a Resistance zone on a possible Double Top Pattern
- Bearish Divergence on MACD
Based on this, if price breaks out the Ascending Trend line below 21300.0, we will be looking for short positions towards the Ascending Wedge Pattern at 20000.0, paying attention to the middle support zones at 20900.0 and 20400.0
MULTI TIMEFRAME VISION:
-Weekly
-Daily
Main items we see on the chart are:
- Price facing a Resistance zone on a possible Double Top Pattern
- Bearish Divergence on MACD
Based on this, if price breaks out the Ascending Trend line below 21300.0, we will be looking for short positions towards the Ascending Wedge Pattern at 20000.0, paying attention to the middle support zones at 20900.0 and 20400.0
MULTI TIMEFRAME VISION:
-Weekly
-Daily
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