Strength on Nikkei225Very highly possible trade towards 22300 and 22600. However wait for a retrace back to 22000-21800 for a low risk entry. Stop Loss should be place around 21400.
Happy Monday everyone!
Japan 225
Nikkei 225 Approaching Support, Potential Bounce!Nikkei 225 is approaching its support at 20327 (23.6% Fibonacci retracement, 61.8% Fibonacci extension, Horizontal overlap support ) where it could potentially bounce to its resistance at 22002 (38.2%Fibonacci retracement , 100% Fibonacci extension , horizontal overlap resistance). Stochastic (89, 5, 3) is approaching support at 10.2% where we might see a corresponding rise in price.
NIFTY 50 Looking to Consolidate Soon For those that are following this market and are invested into this index, it looks like there is some consolidation that we can expect in the very near future at some point.
The Indian markets are not immune to the same thrusts, ebbs & flows of the general markets.
As of right now, the DJI is currently getting pounded and so is the SPY as well as any other indices that is tracking European + U.S. stocks currently.
Conversely, the NIFTY 50, NIKKEI and other Asian indices are doing well. Potentially because of dollar flight into those markets.
However, one fundamental key that investors should be remain cautious of is the excessive debt incurred by the Indian government. Recently, the Indian government replaced the board of Infrastructure Leasing & Financial Services; a move that could greatly reduce foreign investment and reduce overall faith in India's sustenance over the long-term.
The financial outlook for India has persistently looked bleaker on a month over month basis for a while, but few have seriously paid attention. The tip over of the Indian markets could cascade into other markets in the East and eventually have a global impact.
This is worth seriously monitoring.
Nikkei 225 Approaching Support, Potential Bounce!Nikkei225 is approaching its support at 21270 (76.4% Fibonacci retracement, 61.8% Fibonacci extension) where it could potentially bounce to its resistance at 22633 (50% Fibonacci retracement, horizontal swing high resistance)
Stochastic (89, 5, 3) is neutral where it could approach its support at 6.7%
NIKKEI (NI225) Is No Exception (Crash Incoming Up to 50%)The NIKKEI is no exception to the crash that is coming to conventional financial markets.
We've looked at the NASDAQ, DJI, SPX, US10Y, APPLE and others and they are all pointing down strong. Many are already crashing into correction levels.
For the NIKKEI, we are seeing very strong bearish divergence showing up on the MACD and RSI. Each time this divergence showed up in the past we saw massive crash, up to 50% and more some times.
Now this divergence is showing up again and NI225 is starting to crash.
Normally, all supports in the form of EMA lines are broken, so you can expect something similar this time.
You've been warned, the market is about to fully crash... Time to move into crypto.
Namaste.
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 appraoching resistance, potential drop!JP225USD is approaching our first resistance at 23123.0 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 21834.6 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Nikkei225 Reversed Off Support, Potential Drop!JP225 reversed off its 1st resistance at 22217 (61.8% Fibonacci extension, 61.8% & 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 21216 (horizontal swing low support).
Stochastic (34, 5, 3) reversed near its resistance at 97%.
Possible upside for NikkeiDouble bottom is seen. Once the resistance at 21550 is broken, a recovery towards 22050 and 22400 is high possible. However, this is still a counter trend trade, thus take profits once the target are hit. Have a good week everyone.
Nikkei is approaching resistance, potential drop! Nikkei is approaching our first resistance at 21856.1 (horizontal pullback resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 20680.6 (100% fibonacci extension). Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop in price.
Japanese Index - Future ProjectionI've finally found a correlation with every stock index and came up with my hypothesis of how this stock market will crash.
World Index - How deep will the equities pullback be?Globally, not looking good after this week's close
Death by KarodaHere is a case study on what NOT to do as a central banker. Despite terrible demographics the Central Bank of Japan insists on buying up stocks and suppressing interest rates to the point where Japanese industry and government debt is uninvestable. By the time this is all done, the Japanese economy could very well be gold backed.
Nikkei is approaching resistance, potential drop! Nikkei is approaching our first resistance at 21887 (horizontal pullback resistance, 100% fiboancci extension, 23.6% fibonacci retracement) where a strong drop might occur pushing price down to our first support at 20680 (100% fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (34) is also seeing a bearish exit in line with our bearish bias.
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.
Nikkei approaching support, potential bounce!Nikkei is approaching our first support at 21624 where a strong bounce might occur above this level pushing price up to our major resistance at 23080 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching support we might see a corresponding rise in price should it bounce off this level.
Nikkei approaching support, potential bounce! Nikkei is approaching our first support at 22171.7 (horizontal swing low support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 23673.3 (horizontal pullback resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also approaching support where a bounce off this level might see a corresponding rise in price.
NIKKEI: Rising WedgeHaving broken out of resistance around the 23000 area and come back below it, the technical picture now looks muddled. For now we can say that we're in a rising wedge, and trend support is currently at the lower boundry.
Nikkei approaching support, potential bounce! Nikkei is approaching our first support at 22205.6 (horizontal swing low support, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong bounce might occur pushing price up to our first resistance at 23673.3 (horizontal pullback resistance 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
BTCUSD may follow NIKKEI BUBBLE
Hesitation is not good for breaking resistance.
DOW, NASDAQ drop. BTC will drop harder. Someday, big money will in. But not now.
We may can watch double bottom at 3000$ soon.
Nikkei - Upside PotentialHello everybody!
The Nikkei are in my view in a further upward movement and this could be in one-iii-the 3 of the (3).
This should carry the Nikkei to over 25,000 points and thus to new annual highs. Later, there are also over 28,000 points in it.
The 22,950 points mark should not be violated! If this mark falls and the 20,000 will be tackled again later,
The bull market is likely to be over, with a price of 15,000 on the plan.
Nikkei approaching support, potential bounce! JP225USD is approaching our first support at 22205 (horizontal swing low support, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 23673 (horizontal pullback resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
NIKKEI - Daily Key ElementsKey levels to look out for Nikkei. Please refer to our 4hr chart for a strategic view!
