NIKKEI 225 Index Strugles to break above 20200The correction of Deep dive from 21600 to 19000 seems to be blocked by 20200 resistance.
An ascending triangle pattern is being printed on H4 Chart. - Potential bearish continuation pattern. -
Short at the potential breakout.
Bullish breakout would be validated at 20225.
Nikkei 225 JPN225 CFD
Can Aggressive Elliott Wave View In Nikkei Will Play Out?Nikkei short-term Elliott wave view suggests that the cycle from 10/01/2018 peak is showing 5 swings bearish sequence. This favor more downside to 19073-16773 100%-123.6% Fibonacci extension area to be reached in 7 swings before support for bigger 3 wave bounce is seen at least. The decline from 10/01 peak is showing overlapping price action thus suggests that decline is unfolding in a corrective sequence i.e could be unfolding as double three structure.
Currently, the decline to 21075 low blue wave (W) lower. Above from there, a bounce in blue wave (X) took place as a Flat correction where red wave A ended at 21735 high. Wave B ended at 20950 low and red wave C ended at 21923 high which also completed blue wave (X). Down from there, blue wave (Y) can be completed at 19278 low. Above from there the index is expected to do a bounce in 3, 7 or 11 swings within blue (X)(X) of a possible triple correction lower. We expect short-term sellers to appear in 3, 7 or 11 swings on a bounce in blue wave (X)(X).
EW ANALYSIS: Risk-Off Sentiment Could Continue; NIKKEI+USDJPYHello traders!
Today we will talk about Risk-Off mode over NIKKEI225 and USDJPY, where we see a tight positive correlation!
As you can see, the main driver for the USDJPY sell-off was NIKKEI225, which may continue later this week, since we have seen an impulsive five-wave decline. In EW theory, after every five waves, a three-wave pullback follows and we can already see an a-b-c correction in progress, where wave »c« is still missing, so be aware of a Monday rally towards projected resistance areas, from where we may see another sell-off in the stock market and consequently also in the USDJPY!
That said, in the NIKKEI225 futures chart, we are tracking a three-wave a-b-c corection, where 22000 resistance area can be tested, before we may see a sell-off continuation! So, as long as it's trading below 22780 highs, we will remain bearish!
If we respect correlations, then it's similar with USDJPY, in which we think that 113 area, specifically 113.25 – 113.35 resistance area can be retested before another sell-off, so while it's trading beneath 114 region, we remain in the bearish mode!
Early Monday moves are usually fake, so if we get a Monday rally within projected wave »c«, then this would be a perfect three-wave corrective rise that can be easily covered in the next days, when we expect another sell-off!
Trade well!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Nikkei 225 Approaching Support, Potential Bounce!Nikkei 225 is approaching its support at 20926 (100% & 61.8% Fibonacci extension, 23.6% & 38.2% Fibonacci retracement, Horizontal overlap support) where it could potentially bounce to its resistance at 22739 (50% Fibonacci retracement , 100% Fibonacci extension , horizontal swing high resistance). Stochastic (55, 5, 3) is approaching support at 8% where we might see a corresponding rise in price.
JPN225: Long-term Outlook for Japan Market (Yearly)From the yearly chart, it showed the Japan market's past journey from the 1970 to now.
There are 3 period for the JP market form the beginning.
1970-1990, the market soared.
1990-2008, the market declined.
2009-now, the market is rallying.
Now, the market is facing an strong yearly resistance.
The 0.618RET of the previous drop is at 26726 and the 1.618EXT of previous rally is at 25300.
Meanwhile a good Supply zone is at 24000-27270 levels.
The market has started to enter this zone, so pay attention to the price action when the price hit the PRZ.
Sell at 25000-27000
SL: 25500
TP: 15000
Obviously, it is a supper long-term plan, and it may need several years to get the target, so it just gives a direction for trade.
NIKKEI, Long, 4-6 MonthsKIKKEI225 will keep being very probably bullish in the next months as most of the stock markets.
The bull trend should start when RSI crosses>53. The price already has crossed upwards a bullish MM70 over the MM210.
Averaging upwards at market price.
Target: 26 000+
Stop: 20 609
Opened: 22 200
Nikkei: The Why's & How's I'm SHORT Now - Lesson In Wave TradingThere is NEVER a SURE 100% trade. And I'm not giving you one. Let's be clear about that. But as you can see on my chart, I'm sure enough about what is about to happen to the Nikkei that I am already SHORT on it TWICE OVER. And if prices do go the way I am projecting and they do pull back up and cover those HUGE gaps that were left behind, I'll be looking to sell again! But let me explain why I think this.
What I see happening is that the recent high that was just established could very well have been the top of a wave (X) correction. This following the completion of a wave (W). That wave (W) was a sharp downward correction off the possible completion of that HUGE LONG impulse wave that lasted years! That wave (W) crash signaled the end of that MAJOR impulse wave. I had been calling that long impulse wave up as a wave (iii) and that crash down ended it. So why didn't I label that wave (W) drop as a completed wave (iv)? Well, it could be but highly unlikely given that it was so sharp and brief. Wave 4's don't tend to be that way. Wave 4-type corrections usually unfold in an long drawn out fashion. And if you have been counting waves as long as I have, you would've have seen this kind of price action take place hundreds if not thousands of times in the 26+ years that I have been trading. And I also seen just as many times what follows, too.
So for arguments sake, let's just say that my wave count is correct and that was indeed a completed wave (iii) and what followed was a wave (W). After a wave (W), you would expect that the next wave will be a corrective wave (X). And what did follow was a very clear 3-wave corrective wave (X). But only one problem....that correction ended ABOVE the top of what I labeled as the wave (iii) end. So, that opened up 2 possibilities...1) that the new high was actually the end of that MAJOR wave (iii) or 2) as I see it, this overall correction following where I labeled the end of the wave (iii) is unfolding as an extended flat where the corrective wave (X) does exceed the high of the previous complete impulse wave. If that is the case, then we can already project what is to happen next and also project possible targets based on the rules that we have for extended flats and how they tend to unfold.
Regardless, I trust my wave count because as you can see, I've hit 4 out of 4 trades pulling in over +8000 points over the course of this year JUST on the Nikkei alone! You don't even want to know how I did in the other major indexes as you would find it hard to believe! But that is besides the point. The point I'm trying to make here is that if you can apply a good, workable wave count combined with a good knowledge about price action, you can make trades like these. Those 4 out of 4 (100%) winning trades are just the ones that I have already closed and banked the profits on. That does not include the 2 OPEN SHORT trades that are already in profit now.
If you find it hard to believe me, here is my chart I published to my followers back on September 12th showing my projections on what was to happen in the Nikkei. As you will see, that "explosion up" that ended what I have recently labeled the wave (X) I had already predicted would happen MONTHS AGO. That is the power of wave counting in action!
There will be those that argue that my wave count is not correct and if you know me, you also know that I don't prescribe to the theory that you absolutely have the ABSOLUTE correct wave count in order to make money. No. You just have to have a workable wave count that puts you on the right side of the market.
So if you believe me about what I see, you will want to wait for prices to pullback before you look to get SHORT.
If you want to know more, PM me or see my signature box below for more info.
USDJPY to take advantage of Nikkei Power/ Dollar retraceThe Dollar could breathe and retrace after a few days of falling.
Nikkei index is set for a Bull run as specified in the previous post.
See the link below for NIKKEI225 setup
I see this market wanting to use that, to COMPLETE THE SETUP.
USDJPY aught to use that momentum to make a move from the
0.25 quarter to the 0.5 quarter , namely 112.5 to 115 psychological level
and previous unreached high.
Here is a closer look at 4hr chart ...
Nikkei 225 set for Long moveIts been a while since I published.
Ive been checking Nikkei 225 for a while. The market has moved to a long standing Bull Trend line, where its developed Bull reversal this trading week over the last two days.
With Asia session about to begin, watch for strong continuation. Yall know how JPY react. Very solid movers once a move is in play.
This current level is perfect to catch the wave, with previous High being high probability TP.
Price Action Pmlani
thePeoplesTrader
Nikkei Japan Stock Index (Oct 2018)(Wait at resistants,& Short) This will be my views of Nikkei Japan Stock Index (Oct 2018)
Please make sure to read the "update" comment as there will be changes along the way.
Cheers.
S0nic
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Nikkei Elliott Wave Right Side Calling HigherHello Traders,
Nikkei short-term Elliott wave view suggests that the decline to 22161 on 9/06/2018 low ended red wave 2. Above from there, red wave 3 remain in progress, nesting higher in an impulse structure. With lesser degree cycles showing sub-division of 5 waves structure in each leg higher i.e black wave ((i)), ((iii)) & ((v)) expected to unfold in 5 waves structure. Also, it’s important to note that the right side is up & instrument is having a bullish sequence tag available in below chart. This suggests that the selling is not recommended.
Up from 22161 low, the initial rally to 22750 high black wave ((i)) in 5 waves. The decline to 22535 low ended black wave ((ii)) pullback.
Then the rally higher from there ended black wave ((iii)) at 24120 high. The pullback to 23817 low ended black wave ((iv)). Above from there black wave ((v)) of 3 remain in progress, looking to extend higher as long as the pivot at 23817 stays intact.
Afterwards, the index is expected to do a wave 4 pullback in 3, 7 or 11 swings before further upside is seen. We don’t like selling it & expect buyers to appear in 3, 7 or 11 swings against 23817 low.