Nikkei- Looking for Multi Month Fall Below 17600
Updated
On Monthly chart- Nikkei225 is poised for biggest multimonth fall going below 17600- where since 2003 it has finished a corrective structure ABC @20955 Highs.
Since highs of 20955- It has fallen sharply to 16900's & rallied upside in wave-2 @20015 highs -which is critical level for Nikkei & it should not cross above 20015 mark for current bearish structure which is opening up in the Nikkei.
Currently it formed another wave-((i)) & running into wave-((ii)) which has some room for upside but likely it should not move above 20015 marks.
Trading Strategy
Going close to 19500-19750 with critical stops above 20015 or moving below 17600 -we shall look for big bearish structure in the Nikkei--heading into year 2017-2019
Since highs of 20955- It has fallen sharply to 16900's & rallied upside in wave-2 @20015 highs -which is critical level for Nikkei & it should not cross above 20015 mark for current bearish structure which is opening up in the Nikkei.
Currently it formed another wave-((i)) & running into wave-((ii)) which has some room for upside but likely it should not move above 20015 marks.
Trading Strategy
Going close to 19500-19750 with critical stops above 20015 or moving below 17600 -we shall look for big bearish structure in the Nikkei--heading into year 2017-2019
Trade active
13:08 Hrs 13th Dec2016Last High@19280's-
1000 points jumped as expected -20015 is the crucial level holding that on top & going below 19000 shall be the first clue that the Nikkei has started its biggest fall post Santa Season 2016
Trade active
07:23 Hrs 23rd Dec2016Last High@19592
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
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Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
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