Jp225
NIKKEI - Failure after to reach the equal up legThe Japanese index moves slightly bearish after to reach the 100% of the previous bullish move.
Might be a good chance for a short on NikkeiNikkei looks to be on a desceding trend on the hourly chart. As we can see it broke downwards it's ascending trend and continued it's global image searching for lower lows, as it broke downwards an ascending trend developed in the daily chart.
What we're looking here is that price has respected it's current trendline and failed to breakout ema's 50 giving out a tiring candle signal, that's the first bell indicating that a reversal is likely.
According to it's current trend searching for lower lows, the price may search for a lower low around the orange indicated section as it is an important support, which is also close to fibbonaci's level 1.272 coming from the downward breakout from the previous uptrend.
I'll operate this trade once the candle in the hourly chart closes red or giving a japanese pattern of reversal.
Dual trend exploitationI've not seen this sort of stuff before on Tradingview, so I do apologise if everybody knows about it.
I show how I used both a microtrend change on a 15 min time frame and a macrotrend position to get a suitable entry position on Japan225. Note carefully, that this is not a 'win'. I totally expect to lose but if that happens the loss will be minimal. If however the trend moves in my favour, I shall simply follow it without need of a target or predefined get-out point. In this way I do not need to 'predict' anything.
JP225USD Approaching Support, Potential Bounce!JP225USD is approaching its support at 23491.4 (100% & 61.8% Fibonacci extension, 23.6%, 38.2% & 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce up to its resistance at 24549.6 (horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 8.4% where a corresponding bounce could occur.
Nikkei 225: 7th June AnalysisMONTHLY CHART
Price clearly uptrending, strong support at 21k, clearly rejected at 24k. Needs to create a solid area of resistance there, so expecting price to go up there and test if this level is really a relevant resistance level.
21k also a fib respectation, so decent support to range between those levels for a while (potentially)
Conclusion: View is definitely bullish, but rejections mean a potential drawdown on its way.
WEEKLY CHART
Nice support and channel lines lining up to an area of potential support. View on this is neutral/bearish, needs to test that 21k level for further upside move.
Conclusion: View is slightly bearish because of this sell off, looks like it already found bottom. Besides that, stay neutral.
DAILY CHART
Falling wedge broke out, structure is bearish on this one, expecting a move down. Maybe test the highs one more time.
Conclusion: Bearish on this timeframe. Clear downtrend starting, looking for a test of the lows now, which is 22k.
4 HOUR CHART
Steap move up, too steap to hold so it'll probably slow down in momentum and change direction here.
Nikkei approaching support, potential bounce! Nikkei is approaching our first support at 22045.5 (horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 23063.7 (horizontal swing high resistance).
RSI (55) is also seeing a bullish divergence and is approaching our support where a bounce off this level might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Mid Week FightCould we see a turning point for the Japanese Index at this 2250 level? Looks like a fight is happening between both sides at this phschological level, if we see a bearish daily close and a break of the ascending trend line we could have a weak Yen on our hands. Possibly down to 2220 area. What do you think?
Japan 225 right above major support, watch for a strong bounce!Japan225 is right above major support at 23085 (Fibonacci extension, Multiple Fibonacci retracement, horizontal overlap support) and a strong bounce could occur at this level to drive price up towards 24139 resistance (Fibonacci extension, horizontal swing high resistance). Do be wary of the intermediate resistance we can expect at 23748 (Fibonacci retracement, horizontal overlap resistance).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Short JP225My mechanical Tradingsystem gives me a short Signal for JP225. Trade is active since 22164 with SL 22430. TP will be opposite Signal
NIKKEI - Top Finder 100% BurnoutMIDAS Top Finder accurately predicted the TOP in the accelerated trend.
Pullback to S1 is now very likely.
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NIKKEI - Supply Zone at Upper MIDAS Displacement CurveLooking to go short at H1 Supply which is also the top of the MIDAS Dispacement Curve fitted to first swing high.
NIKKEI : TRADE THE BREAKOUT !A nice breakout occurred. Expect an eventual pullback but be ready to short :) !
