Ni225short
NI225 RETRACEMENT BEFORE SHORTNI225 broke a weekly uptrend and did fall down to the 50 fib zone and hit bottom Bollinger band, there should be retracement back to the trend around 29106 zone, this entry is safer but we can also look for an entry around 28049 since there is also a strong weekly support, after the retracement we are looking for a short position which we should hold until 23651 zone. Our stop loss should be 30913.
NI225 Market ProjectionsG'day Guys
Nikkei been moving up and down since Feb 2021.
Am expecting this month movement will be bearish to complete the movement cycles and high probability bouncing on the Demand zone.
Which is showing the Support level strong. This indicate they progressive recovering to pre-covid environment.
Let's see what happen next. Remember, Nikkei Movement relatively effect JPY currency.
Thank you.