Japan 225 IndexShort
NI225 - Downtrend coming?
First time doing an analysis on NIKKEI 225 Index - also i personally do not have a trade active on this
Charts tells me:
Double top on weekly with RSI pointing down and divergence on Volume. I see a possible 50% retracement. I think we went too far too fast in markets...
Fundamental:
Weakness around the world with stimilus pushing markets up while the real value is pointing down - less sales, less travel, less etc.
Let's see what the future holds for us.
Happy trading :)
PS
Charts tells me:
Double top on weekly with RSI pointing down and divergence on Volume. I see a possible 50% retracement. I think we went too far too fast in markets...
Fundamental:
Weakness around the world with stimilus pushing markets up while the real value is pointing down - less sales, less travel, less etc.
Let's see what the future holds for us.
Happy trading :)
PS
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.