The Nikkei 225 index has demonstrated a sustained bullish trend over an extended period. However, recent developments indicate a notable divergence and the emergence of a bearish Gartley pattern, suggesting a potential shift towards a downward trajectory. Market analysis indicates that bears could exert control following the completion of the pattern at the Potential Reversal Zone (PRZ). This observation underscores the importance of monitoring key technical indicators and price action closely to assess the index's future direction accurately.
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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.