Nikkei approaching resistance, potential drop!
Nikkei is approaching our first resistance at 20468.6 (100% Fibonacci extension, 23.6% Fibonacci retracemen, Horizontal pullback resistance) where a strong drop might occur pushing price down to our major support at 19334.1 (horizontal swing low support, 76.4% fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
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