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JAPAN 225

Nikkei Potential Head and Shoulders?The Nikkei is showing a potential head and shoulders pattern on the 2 hour chart. If we do break below the support at 21620, then we would await for a lower high which would be a retest of the break. However, ideally, would like to see a bounce and then a lower high which would make the head and shoulders pattern. Price is turning at a resistance zone (21800) zone which adds further confluence. This is a trade that can possibly play out next week. Keep it on your radar!
FOREXCOM:JP225Short
by Uncharted-FX
NI225 (Nikkei) - Market Crash Cycles | Indices | Macro Trends*Please support this idea with a LIKE if it helps you. Thanks! More details about me in my signature. NI225 has been labeled within a Grand Super-Cycle degree wave B (pink), which has been unfolding ever since the Tokyo Stock Bubble back in 1990. Structure - Flat Formation 1990 bubble peak and down until Apr 2003 bottoms - Super-Cycle (w) (purple) 2003 bottoms up until 2007 tops - Cycle wave a (turquoise) 2007 tops and down until 2008 lows - Cycle wave b (turquoise) 2008 lows and up until present times - Cycle wave C (turquoise), the final leg of Super-Cycle (X) (purple) Cycle wave C (turquoise) Pattern - Ending Diagonal Sequence - 5-Wave Sequence, with Primary Waves 1 2 3 4 5 (green) decomposed as Intermediate (A)(B)(C) (blue) Current Position Primary Wave 5 (green) Next expected swing Bearish sequence in Intermediate (B) (blue) Market Crash Forecast Support granted at or around the 21000.00 mark and then a bull run towards the 27000.00 levels, where Super-Cycle (X) (purple) is expected to complete Super-Cycle Waves (a)(b)(c) (red) would reflect the next Larger Degree Recession or even a Depression Structure change: Breach of the lower trend-line of the Ending Diagonal could reflect the fact that the Market Crash already started.
TVC:NI225
by Lionheart-EWA
NIKKEI: Are you ready? Get ready.In the screencast I show the evidence of a setup that is approaching, for a nice controlled loss. Loss? Nobody want's to hear about that - but it is exactly what we do! Key points: 1. Alternate ABCD pattern with a C-point at 50% (Scott Carney criteria). 2. Zone of congestion. 3. Probabilities for the south based on ATR-based indicator and GMMA. 4. Time momentum favouring the bears. 5. Weak bullish rebellion. I am of course delighted to learn if others have a different perspective based on the technical position. This post is not a recommendation to short or a prediction. I have labelled it as short because that is potentially what it is.
OANDA:JP225USDShort
by Captain_Walker