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Nikkei 225 Possibilities of DowntrendYen is getting nasty leading against the dollar and some comdolls which might create pressure for Nikkie. Japan seeks to quarantine all overseas arrivals for 14 days which might create some issue to the travel and tourism sectors. The likelihood of the manufacturing recession deepening in the coming months is high. The latest data showed a sharp fall in inventories of inputs, which firms are going to find challenging to replenish in order to sustain factory production. Hits multi-year lows from manufacturers and non-manufacturers on today's Tankan reports.
TVC:NI225Short
by Anatta0
Elliott Wave View: Nikkei Buyers in ControlNikkei shows Elliott Wave bullish sequence from December 26, 2018 low and August 26, 2019 low. This suggests that buyers are in control and favors further upside in the Index. The pullback to 21079 ended wave ((2)) and the Index has resumed higher in wave ((3)). Internal subdivision of wave ((3)) takes the form of a 5 waves impulse Elliott Wave structure. Wave (1) of ((3)) is currently in progress as a leading diagonal. Up from 21079, wave 1 ended at 21650, wave 2 ended at 21325, wave 3 ended at 22265, and wave 4 ended at 21905. Expect Index to soon complete wave 5 of (1). Afterwards, Index should pullback in wave (2) to correct the cycle from October 3 low before the rally resumes. We don’t like selling the Index and expect buyers to appear in the sequence of 3, 7, or 11 swing as far as pivot at 21079 low stays intact.
CME:NKD1!Long
by Elliottwave-Forecast
Elliott Wave View: Nikkei Looking for More DownsideShort Term Elliott Wave View in Nikkei suggests the decline to 19900 on August 6 ended wave (3). The Index is currently in wave (4) bounce and the internal subdivision is unfolding as a double three Elliott Wave structure. Up from 19900, wave W ended at 20795 as a zigzag. Wave ((a)) of W ended at 20650 and wave ((b)) of W ended at 20220. Then the move higher to 20795 completed wave ((c)) of W. The Index then pullback to 20075 which ended wave X with internal subdivision as a zigzag. Wave ((a)) of X ended at 20300, wave ((b)) of X ended at 20765, and wave ((c)) of X ended at 20075. Wave Y is in progress with the internal subdivision of a double three in lesser degree. Up from 20075, wave ((w)) ended at 20685 and wave ((x)) ended at 20450. Near term, while above 20075, Index has scope to extend higher towards 20974 – 21530 area to end wave Y of (4). Expect sellers to appear from the above area and Index to either resume lower or pullback in 3 waves at least. We don’t like buying the Index.
CME:NKD1!Short
by Elliottwave-Forecast
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!
FOREXCOM:JP225Short
by Uncharted-FX
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 -------------------------- 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. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.
INDEX:NKYLong
by globalfinancialengineering
2
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.
NShort
by Elliottwave-Forecast
NI225 (Nikkei) - Market Crash Cycles | Indices | Macro Trends*Please support this idea with a LIKE if it helps you. Thanks! More details about me in my signature. 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.
TVC:NI225
by EW4X