Australia Equities Index Back to 2007 HighsAustralia's primary equity index (ASX) is seen here through the S&P/ASX index (XJO). Here we can see that ASX is retesting its prior highs from 2007 before the great recession hit. Will be watching for a good-sized pullback soon given the vertical run that the ASX has been on this year. Will that have any impact on the U.S. or other major stock markets? Not sure, but I don't think that would be out of the cards either.
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!
AUDJPY | Trade No.1AUDJPY is on it's way up. My area of opportunity highlights the area of my entry. Being so close to a high volume price and low volatility will provide a violent move to the upside. Taking 50% of profits by 100 pips and letting the trade run.
Trade at your own risk under your own terms. I'm not responsible for anyone's decision to follow MY idea.
JP225 analysis for next 7-10 daysConsidering many positive factors in the worlds politics and economy JP225 has a great chance to rise in next week.
Also, other indexes can rise, but JP225 has the greatest technical levels to minimize possible risk.
If something important happens, I will update the post.
Global Financial Engineering Swing Trading Strategy for Nikkei We have decided to take a bullish trade at 21309 with a Global Stop Loss(GSL) at 21100 and a Global Profit Target at 22498
The Primary Trend (PT) given by the Monthly TIME BAR (MTB) is currently Bearish
The Secondary Trend (ST), given by the Weekly TIME BAR (WTB) is currently Bullish
The Medium Term Trend (MTT), given by the Daily TIME BAR (DTB) is currently Bullish
The Short Term Trend (STT), given by the Four Hour TIME BAR (FHTB) is currently Bullish
This is a high risk trade since the Primary and Secondary Trend are still bearish. We are taking this trade in the direction of the Medium Term Trend which is given by the Global Daily Time Bars(GDTB).
In light of the above trend analysis we will start a bullish trade using Global Trading Strategy #4 on the Global Automated Trading System #4 which trade in the direction of the Global Daily TIME BARS (GDTB).
Global Entry Signal: Buy @21309
Global Stop Loss: 21100
Global Target Profit: 22498
Global Trade Management Strategy: We will applied the Global Trailing Stop System for Global Trading Strategy #4
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The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security.
To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice.
To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by Global Financial Engineering,Inc. to buy, sell or hold such investments.
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Massive Nikkei Sell-off During Golden Week?I'm taking a wild guess of Nikkei falling to 20300 with the upcoming Golden Week holiday in Japan from April 27th to May 6th.
This 10-day holiday is the longest in Japan's history, meaning that the Japan Exchange will be down for the whole week + 1 day.
Looking for fun on the futures market :)
A move down on the Daily.Nikkei is now continuing what seems to be the second half of the possible wave C. I am assuming that Nikkei is in a weekly 'Running Flat' pattern, where the C has already started. The last few days was the consolidation for the continuation to the down side. It looks highly likely that Nikkei will go down and make a lower low on the daily . Would it have an impact on NSE:MARUTI ? Well..
Nikkei 225 22052019Long term view of Nikkei 225. Time for a big correction ? Lets see
Share your thoughts and observation in comments session :)
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Risk warning!
Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit.
Supplied information is not advice.
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Nikkei Wave count and speculative buy zoneThat's all it is at this stage. I am not looking to buy the Nikkei index, but a number of interesting individual stocks mirror this wider theme. Sort of a lower swing high being set and "one more drop" to set a higher low then off we go sort of thing. Let's see.
Short to short-mid bearish, medium term to long term bullish.
Fudo Tetra Corp 1385Hello,
I was just searching for low PE / oversold Japanese stocks. I am interested to see if this plays out, as it will be much better value sub 750 and well worth a look.
Short to medium term short and medium term long. If you can snag some shares around 600 yen each and it retraces only 38% of the previous deep drop (2004 - 2010) - the you could go 5x easily. I am not sure chat would cause an increase like that at this stage as I haven't looked deeper into the Company than the chart but will if my targets are met.
Thanks for viewing.
"Top and Bottom Analysis" NIKKEI 225 by ThinkingAntsOk4H CHART EXPLANATION:
Main Items we Observe on the Chart:
-Price has broken the ascending trendline
-Currently, price is on a support zone
-We will wait for a corrective structure on the support zone before taking any trade
Based on this if the price breaks down with a close candlestick below 20718.0 we expect a continuation of the downward movement towards 19964.0
MULTI TIMEFRAME VISION:
-Weekly :
-Daily:
Nikkei: Long term Buy Opportunity.The index is approaching the 20,970 1W Support creating optimal conditions for a long term buy towards the 23,000 Resistance. Nikkei is on an uptrend since the December bottom (1M MACD = 405.550, RSI = 50.348) and only a breach of the 20,360 Support can distress that. The Golden Cross (MA50 over MA200) may come later to confirm that. We are long on NI225 with TP = 23,000.
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Elliott Wave View: Impulsive Decline in NikkeiOur Elliott Wave view on Nikkei suggests the rally to May 4, 2019 high (22505) ended wave w. This ended cycle from December 26, 2018 low and the Index is in the process of at least doing a larger 3 waves pullback. Short Term, decline in Nikkei from May 4, 2019 high is unfolding as an Elliott Wave impulse structure. Down from 22505, wave 1 ended at 21935 and wave 2 ended at 22245. Wave 3 ended at 21080 low.
Expect wave 4 bounce to fail in 3, 7, or 11 swing as far as wave 2 pivot at 22245 stays intact. Possible target for wave 4 is 23.6 – 38.2 retracement of wave 3 at 21539 – 21672. Alternatively, Index can end the entire 5 waves from May 4, 2019 high already. In this case, it should do a larger 3 waves bounce to correct the cycle from May 4 high before the decline resumes. We don’t like buying the Index and expect further downside in the Index to complete a 5 waves down.
NI225 (Nikkei) - Market Crash Cycles | Indices | Macro Trends*Please support this idea with a LIKE if it helps you. Thanks!
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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.