Japan 225
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
NI225 (JPN225)Hi Traders !
This monthly chart analysis shows that the NI225 is on a downtrend. However, since March 2009, the trend kept on a bullish trail, starting from 7021, and reached its highest level since april 2000, e.i. 20946.
After a correction that lasted 10 months, it reached its peak of 24448 on Nov 2018.
The year of 2019 was strongly bullish. By the start of 2020, the price plunged due to Corona virus.
If the latter never occurred, I assume that we would have witnessed the opposite scenario. Now that things began to change, let's wait and see how strong the trend will break the top of the pitchfork.
NI225 technicaly based forecast
📌Short intro:
I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 NI225 technicaly indicators showing we can expect higher bulish market continuation, FIBO 0.382 which is in some cases stong supp is breaked, good bulish candels foramtion, expecting to see push in price till FIBO 0.6 on same place i and supp trend line.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
Thanks on supporting!
All best, good luck!
NIKKEI 225 - new highs aheadNikkeI index has shown indication that it had finished primary wave 4 and it's beginning primary 5 up, which is a nice impulse wave to be in. Primary wave 5 should push the index to levels higher than the previous primary wave 3 during the next couple of years. In the short-term, NikkeI is beginning minute wave 3 up in a good point of entry. An alternative scenario can command if the index fall below the low of primary wave 4. FOLLOW SKYLINEPRO TO GET UPDATES.