NIKKEI INDEX, Confirmed Tripple Top, Further Continuation Ahead!Hello Traders Investors And Community, welcome to this analysis about the current stock-market and its situation, we are looking at the weekly timeframe of nikkei index and there are some meaningful signs which I discovered that will affect the price further next time. As the nikkei index is one of the major leading indexes representing the global economic spectrum it has its value in the current situation, the corona fears on the markets had hit the index similar to other major indexes as the spx 500 but the formation before is different and the ongoing price-action can be different to other indexes. I highly recommend that you watch the analysis where I point out the overall distributional events hitting the stock-market as an example in spx 500 to have a full-depth-overview about the current situation.
What is from high significant importance in the nikkei index price action that was built the weeks and months before the crash that it is actually a triple top which is a rare formation in global markets and signals the heavy reversal of the before established uptrend. As you can see in marked in my chart with the blue circles the third top confirmed the overall high in the structure before the corona-breakdowns happened and the market crashed down below support. The snap-back movement from 16470 to the actual price condition was neutral and normal after such a volatile move to the downside, there was also a breakaway gap that was filled but as we are approaching resistance here in the structure the continuum of the before established downtrend may come faster as expected.
At the moment we see the index exactly confirming the neckline of the Tripple top which you see marked in orange in my chart, this level at 20500 is actually also building a coherent and logical bearish resistance-cluster because it is corresponding with the 200-EMA which you see marked in black, this is an important EMA because it was support in the uptrend before and now it is resistance, mixing these significant signs all together we currently trade at an important resistance which will be realized when we get a sudden pull-back in the lower direction again as marked in my chart. The targets which you see in my chart will be realized when the index confirms below the lower boundary light blue-trend line, this will add to the bearish shape we actually have in the market. When considering the local support to behold at 18600 it is possible that the market moves one leg more to the upside but the question is if this move will be strong enough because there is a bunch of resistance which shouldn't be ignored.
This formation is playing into the overall stock-market situation which has a bearish shape. Some people believe that the bear market in stocks is over now and that we will see new all-time-highs in the major global markets but the percentage possibility for this scenario is at the moment pretty marginal because the real economy is still struggling with global corona restrictions and otherwise the economic landscapes still do not look worthful. When the little possibility fulfills and stocks see new highs the further bear-market which is coming will just be more dramatic and heavier, therefore, we need to concentrate on the anticyclical truffles within the markets which are going against the trend and profiting from the crisis.
In this manner, thank you for watching the analysis, support for more market insight and all the best ;)
Prosperity is the blessing of the old market, adversity is the blessing of the new.
Information provided is only educational and should not be used to take action in the markets.
Japan 225
JP225USD - 1H SHORT Trend Trade Entry Setup - See Targets & StopJP225USD 1-Hour Chart
Price action pullback with pinbar at a confluence area: resistance zone, trendline, and ema.
Expecting to drop to first target price @ 20350
Enter SHORT @ 20560
Stop Loss @ 20725
Target 1 @ 20350
Target 2 @ 20250
Target 3 @ 20100
Nikkei 225 Index (JPN225) Short Trade Explained
Short trade went active on Nikkei!
Reason:
the price reached a resistance line of a rising wedge pattern on daily
+ double top formation on 1H with a confirmed breakout of minor support.
I entered short based on retest (382 retracement of a small bull leg)
stop - 20585
t1 - 20050
t2 - 19770
risk: 1%
SPX vs other markets since 2020Hi Guys,
following my post dated Apr.14th (red arrow before n.3), the Index continued to climb up towards the SMA with a four legs movement made by 4,5,6 and 7.
So far the pullback from A or, in my view, the "Bear Rally" retraced 0,618 Fib.
1) from X to A represents the fall caused by pandemic;
2) A was made when the FED used its "bazooka" (2200 same level when Trump was elected US President);
3) a pullback or "bear rally" is happening from A into Fibonacci Retrecement levels or 200SMA or even beyond.
The idea remains the formation of a W-Shaped recovery as favoured by many FED Members incl.Powell. However a V-Shaped recovery cannot be excluded as the letter B is yet to be confirmed as the "Bear Rally" may not be over yet.
As the pandemic event originated by Covid19 triggered an enormous amount of "FEAR", please keep an eye on the VIX ("Fear Gouge" or "Fear Index").
Here below I will post snapshots of other markets for comparison.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
All Major Indexes ComparisonAfter some major Correction/Crash on the major Indexes such as SPY and Gold and Bitcoin, now all of the worlds are bearish on the markets.
But as you can see chart says nothing about Financial Crysis, Depression, ... .
Because of that, I think these Indexes probably have seen their lows. although there could be a correction in the way I don't think they will see new lows.
This chart is open:
www.tradingview.com
SONY CORP (6758) Two Scenarios!
hey guys,
sony is standing on a key structure resistance level!
depending on what is your bias on this stock you may either see an ascending triangle on 4H
or
a double top formation.
no matter what it is, we can trade the stock to both sides.
if the price breaks above resistance of the ascending formation,
for us, it will be a long signal and we buy expecting a continuation to higher scructure levels!
in contrast, 6600 is our minor support.
being broken to the downside, for us, it will be a trigger to short!
both scenarios are equally possible so be prepared!
good luck!
NIKKEI - NIK225 - Intraday - We look to Sell a break of 19425 (stop at 19500)
Posted mild net daily losses but all trading confined to the previous days range, an indecisive Inside Day. Posted a Double Top formation. Expect trading to remain mixed and volatile. Further downside is expected, however, due to the strong support below we prefer to sell a break of 19425, which will confirm the bearish sentiment.
Our profit targets will be 19200 and 19050
Resistance: 19585 / 19750 / 20000
Support: 19425 / 19200 / 19050
NIKKEI 225 - possibility of 40% of gains in couple of yearsNI225 finished primary wave 4 and is now tracing primary wave 5 up that should elevate the index to themost probable target of 28,000 in around 2 years. If the index crosses down 16,300, this analysis should be revised. FOLLOW SKYLINEPRO TO GET UPDATES.
Is a Bearish Movement coming on NIKKEI? By ThinkingAntsOkMain items we can see on the Daily Chart:
a) Currently, the price is on a corrective formation (circle)
b) We can see an exact formation like the current one on the past
c) Also, it is important to say that both are happening in the same zone
d) If we take the previous one as a model of what can happen with the current one, we can expect a bearish movement to come
e) The bearish Target we will be aiming for is 15.000
Short movement on Nikkei by ThinkingAntsOk Use this as a guide to develop your view.
Main items we can see on the 4HS chart:
a) The price made a huge bearish movement and now is making a correction
b) If we take a look into the past, we can see a similar situation (circles)
c) Currently the price is on the same resistance zona that in the past where the new bearish motive wave started
d) We think that a similar scenario may happen, with a target on 15000.00