Japan 225
Japan weekly 200 weekly 200 near this red line... bullish divergence at 4h... 1h need 3 lower lows before a long
(not trading this)
If the 225 could overcome the first resistance.......If the 225 could overcome the first resistance, it goes higher as temperature goes deadly hot this summer.
NIKKEI 225 : Dual Patterns Cypher & Gartley Just looked at global indexes and came across these patterns. Both Patterns are almost near to X levels. So ultimately risk will be reduced very much.
Note :
1) RSI is completely oversold in single digits
2) Though I am posting now, Idea will be shown from next candle which is after 4hrs and at that time scene can be different & patterns can be invalid. But right now while I am posting Patterns are valid to trade.
Its just an idea and I don't trade JPN225 (Nikkei 225) so please check your trade plan before trading
Happy Trading !
JPN225 4h Elliot wave and pattern analysisOn the 4h chart a Head & Shoulders pattern is in progress. If price breaks the neckline, the target is +- 14700 based on measuring the gap between the neckline and the head. PLUS on this point is also a trendline which can provide support for the price. The 2 possible Elliot Wave scenarios that I have in mind are:
Scenario 1(blue scenario): Wave IV has finished, currently riding wave 2 down of V up. This scenario is invalid if price sets a lower low.
And:
Scenario 2(pink scenario): Currently riding wave c down of IV down. Target +- 14700. This scenario becomes invalid if price sets a higher high.
Personally I favor Scenario 2(the pink scenario) because then most parts of my puzzle come together (Head & Shoulders pattern, EW count, Trendlines etc.)
A possible strategy could be: SHORT position if price breaks the neckline with a Stop Loss of : 16845 (1 point above high of JUN 6) and Take Profit of: 14750 (a little above the target and trendline).
Please click HERE if you want to see the full analysis!
Have a nice weekend and happy trading!
Jouke Hartman
Nikkei - ScenarioMarket currently below very important levels , if can hold below this levels and show this with accuracy , we can get in short to ascending trednline as Target 1 or Monthly Support lower.
Minor Correction $2USDJPY hit a downtrend and a horizontal resistance level, and broke an uptrend. EW suggests USDJPY has finished 5 waves and targets 108.
Nikkei: Peak bearish sentiment and a nice triple bottomI'm currently long USDJPY and GBPJPY, but we might have a chance to join the Nikkei's rally here.
Sentiment has reached extreme levels for equities, and the setup is eminently bullish, now that we've broken the weekly uptrend mode.
It's safe to enter a long with a stop under today's low, risk half initially, since weekly confirmation hasn't materialized yet.
This gives the yen pairs plenty of upside for a couple days/weeks.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
HMC: Potentially a very nice long entry nowLong at market, stops at the previous daily close.
It should see some significant upside here.
Props to Tim West for spotting the potetial long term bottom pattern a few days ago.
Now it has fired a buy signal.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
NIKKEI 15MIN: 15min original supply zone shortH4: we are currently inside of a h4 supply zone and reacting from it
H1: H1 supply is way below and there is a room to run untill there
15min: just created a 15min original supply zone
TP1: 1:1 R:R
TP2: Trail till just before reaching the opposing h1 demand zone
twitter.com
JPN225 Long Term AnalysisMy analysis on JPN225. Nikkei index is in a corrective structure, in an uptrend at the moment. We may soon have a smaller correction to the down and once this correction is over we should have another move up. Moving up price will test a key level where we should watch for a sell signal for a big move to the down. If wehave a breakout above this level, structure changes and long setups is what we are interested in..
NIKKEI 15MIN. : 15MIN. ORIGINAL DEMAND ZONETOP-DOWN ANALYSIS
DAILY: Daily supply zone is way up and we have a plenty of room to run upside
H1: H1 direction is currently up
15MIN: we created a 15min original demand zone inside of the H1 demand zone
TP1: 1:1
TP2: Trail the stop till we reach the daily supply
Good luck!
twitter.com
Waiting for Long tradesWhen price closed above the Moving Average with period 100, it was a signal that down trend was over. Price bounced from Up Bollinger Band and it was a good opportunity to open Short trade, because we had reversal with RSI and MACD confirmation. Entry could be below 17195 with Stop order higher then 17780 and 2 Targets like 16550 and 15300 - it's Support Level. It was good and profitable trade. But what should we do if we did not open Short trade? Now, we have to wait for reversal signal and open only Long trades. If price reverses from Support Levels 15200 and 14800, we'll need confirmation from RSI and MACD. When we get it, it will be a signal for opening Long trades with Targets 16500 and 17900. Stop Loss should be placed below Support Levels. So, let's wait )
World Index... Equities is in DangerI'm expecting a world equities market crash/correction soon. When the orange trendline breaks, the target is the lime trendline. When the lime trendline breaks, we are most likely headed for the 0.618 level.
Hedge the risk by going long volatility - be safe.
USDJPY | Nothing changes (by now)USDJPY went right for the support I've draw two months ago.
Nothing changed if doesnt break it.
Regards and happy trading!
JPN225 - Potential LongThe Nikkei's just retraced from a high of 17,738 down to a previously known level of resistance at 17,217. This area also corresponds to a recent upwards trend line. So we're looking for bullish price action today before we go long.
