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Japan 225

Are we building for a deeper selloff or a bounceAsian markets remain looking heavy as the HSI and Nikkei Daily timeframes press lower. The US has been more resilient to negative news and remains focused on inflation and interest rates. The question is how much of the good news ie/ strong economy and bounce from pandemic lows has been factored in to price action in the US. If the US start to take a hit, then other markets will follow....so are Asian shares markets flagging what is to come. Check out the video for a more detailed look at key levels for major US, Asian and Australian Indexes. Remember to check out the website www.tradethestructure.com and leave a comment a thumbs up for the video.
ASX:XJOShort
by TradeTheStructure
3
GBP JPY Sell to 151.450GBP JPY Has made some retrograde in the last 30 days. probably the sellers are still on their way to 149.300 -149.100. NI225 Has made +3.55 % Last 30 days, By moving from 28583.83 to 29601.83, targeting 30500 Japanese yen are doing well right now, I am waiting for GDP Annualised news, with the previous: 1.3 the forecastings: -0.8 I expect high volatility to the downtrend continues, the price will continue to 151.400 - 151.600 support area. 152.600 is my sell open position now I made a sell pending order at 153.250 just in case the pairs make some reversal moves. targeting the 151.500 area as you can see in the chart, always risk management will help you to protect your position.
Short
by youssefallax
2
USD JPY going to 112.100we have seen today big movement from bears at 114.23 resistance area and a good increase of NI225 index by staying above 200 moving average. 113.45 is an easy support area to break; by the breaking volume, we will see 112.047 - 112.247 support area start to attract bulls to enter the market. also, we will see some major news that will push the pair to high volatility. now we have stayed under the 200 moving average with high volume preparing for the bearish forcing the price down. you can see I already have a sell position at 113.781 with a hedge order at 114.031 just in case the market reverse in a short time before visiting our target 112.047 - 112.247
Short
by youssefallax
Stocks - HSI Leads DownIdea for Indices: - HSI is in something like an island top reversal. Was expecting a bounce to 20 DMA, but only seems to be getting 9 DMA and looking on the verge of collapse. - This "bull flag" that it was in previously resolving in this way is a huge clue... as this pattern exists right now in so many important markets globally. - China has already popped their bubble and will lead down, liquidity flows will be HSI > NKY > DAX > NDX > SPX. The deflationary wave is coming IMO. Next leg down for HSI likely 19 or 21k. This may not translate fully to US markets, but at least should see the bottom of the risk range, so NDX 14k for this initial move. 7-15% correction from the top on US markets. GLHF - DPT
TVC:HSIShort
by UnknownUnicorn1043646
2
VDJP Weekly - Starting to accumulate againFollowing the successful break of the bull flag and the quick follow through, there is no surprise that we are seeing a pullback on this ETF. I am starting to average back in after slowly taking profits from 27.50 (prior high) and above. There is no sign of a bottom here, but I am happy with the current price and will buy more if we move lower. The long term weekly picture is still positive as long as we stay above 24.50. I would still like to see 31/32 as a full target here.
LSE:VDJPLong
by gillyblore
Nikkei's Weekly rising expanding wedge and a probable outcomeHere I'm showing Nikkei's Weekly rising expanding wedge with a throw over top. As such, the decline this year could be a partial decline followed by a quick rise. Throw over could be due to the unprecedented balance sheet expansion of combined BOJ, Fed and ECB. European DAX also shows a throw over top in its megaphone (broadening wedge) pattern. In another words, markets globally have responded to the extreme policy measures and have created throw over chart patterns. And thus, there may not be a deep decline beyond 2020 lows in this chart pattern according to my thinking. If this works out along with possible market cycle dates and some luck (!), October can show SnP 500 near 2,550 with the trailing PE near 18 this year. Which will obviously be very cheap in compare to the current trailing PE of near 30 for the price hovering around 4,200 right now. This chart pattern shows there may not be another higher high than the 4,238 printed for the SnP this year. Also to add, we might be facing a very scary straight line decline in SnP 500 in September and October to the tune of -38% which will be a little greater than the straight line big decline in 2020. That means more volatility this year than the previous year. In the end it will present a very nice opportunity to grab cheap assets at deep discounts all around us. Good luck and may God speed!
TVC:NI225
by tfinavia
Stocks - Nikkei on Last LegsIdea for Nikkei: I'm waiting for Asia markets to drag down US markets, but why not just short Asia itself first? - The sugar rush of QE is over, and Japan is rolling over. Expecting its bear market since Feb to resolve in a capitulation at least down to a monthly support. - Nikkei under 100D and 9M and at critical support. (50W) - Expect to quickly capitulate to 24k~ support levels when this floor breaks. This is not US markets, which rises based solely on gamma, and the slowing global economy is weighing down on it. IMO, any rips here should be sold. 50W: 20M: GLHF - DPT
TVC:NI225Short
by UnknownUnicorn1043646
6
Death cross is here.After a major bull run, we can see a death cross forming. What is a death cross? The death cross is a chart pattern that indicates the transition from a bull market to a bear market. This technical indicator occurs when a security’s short-term moving average (e.g., 50-day) crosses from above to below a long-term moving average (e.g., 200-day). The indicator gets its name from the alleged strength of the pattern as a bearish indication. In short, traders who believe in the pattern’s reliability say that a security is “dead” once this bearish moving average crossover occurs. Three Phases of Forming the Death Cross: There are three primary phases in the formation of the cross of death pattern. The first phase involves the existing uptrend of a security, when it begins to reach its peak as buying momentum tapers off. Then the price begins to fall as sellers gain the upper hand in the market. The second phase is the decline in the security’s price to a point where the actual death cross occurs, with the 50-day moving average falling below the 200-day moving average. This downside shift of the 50-day average signals a new, bearish long-term trend in the market. The final phase occurs with the continuation of the downward movement in the market. The new downtrend needs to be sustained in order for a genuine death cross to be deemed to have occurred. If the period of downward momentum is merely short-lived, and the stock turns back to the upside, then the cross of death is considered a false signal.
OANDA:JP225USDShort
by georgio777