27 September 2023 - JPN225 SellI am selling the Nikkei 225 index as I anticipate a move back down to the bottom of the daily range.
I am also re-entering a sell on AUDUSD
JPN225 trade ideas
Big Sideways StructureGreetings everyone,
I hope you've had a productive week with successful trades. I wanted to share some of my ideas on the Elliott Wave Principle. It's crucial to make informed decisions and exercise patience in all transactions.
As per a quote from (J.F.), a professional analyst of the Elliott wave principle, amateur traders tend to focus on the possibilities that may happen while professional traders focus on the possibilities of what is happening.
My recommendation is to bear in mind that, after making a trade, the primary responsibility of the trader is to minimize risk, eliminate it, and ultimately preserve the profits earned.
Thank you for your continued support, and I'm excited to continue our journey together.
Sincerely,
WAVE IV : BIG CORRECTIVE !!!Greetings everyone,
I hope you've had a productive week with successful trades. I wanted to share some of my ideas on the Elliott Wave Principle. It's crucial to make informed decisions and exercise patience in all transactions.
As per a quote from (J.F.), a professional analyst of the Elliott wave principle, amateur traders tend to focus on the possibilities that may happen while professional traders focus on the possibilities of what is happening.
My recommendation is to bear in mind that, after making a trade, the primary responsibility of the trader is to minimize risk, eliminate it, and ultimately preserve the profits earned.
Thank you for your continued support, and I'm excited to continue our journey together.
Sincerely,
NIKKEI SELL The Nikkei 225 Index fell 0.8% to below 32,500 while the broader Topix Index lost 0.7% to 2,370 on Tuesday, erasing gains from the previous session, with nearly all sectors participating in the decline. Breaking a support level and forming a pullback pattern will more likely a sign that nikkei will continue its downtrend move.
NIKKEI 225 LONG HARMONICS IDEAWhen the price would reach the POC, i would have a long. TP this kind of old SR
Nikkei continues to rise.NIK225 - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Price action looks to be forming a bottom.
This is positive for sentiment and the uptrend has potential to return.
Weekly pivot is at 33118. Preferred trade is to buy on dips.
We look to Buy at 33181 (stop at 32981)
Our profit targets will be 33681 and 33781
Resistance: 33420 / 34015 / 34765
Support: 32960 / 32630 / 32305
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Nikkei at supportNikkei dropped a bit, likely with nasdaq chip selloff on waning consumer demand.
The nikkei boosted almost 7% from the date that china cut rates.
I'd be looking for the gap fills in either direction. Likely there will be a little fighting on market open Monday (Sunday for me) but it should be pretty easy to trade.
Bearish Butterfly Pattern Will Start at 30kthe detail is shown in the above Idea.
I made this Idea based on wedge Analysis and Harmonic pattern using Fibonacci tools.
Bearish Butterfly Pattern Will Start at 30k
and Nikkie Butterfly Needs correction before flying in Sky.
also butterfly wings make wedge pattern.
NI225 Local Short! Sell!
Hello,Traders!
NI225 broke out of the
Opening wedge pattern and
Went up but the path above
Is now blocked by the resistance
Level of 33,757 and I doubt that
It will be broken with the fist
Attempt so a local correction
From the level is to be expected
Sell!
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✅NI225 MOVE DOWN AHEAD|SHORT🔥
✅NI225 grew again to retest the resistance of 33.765
But it is a strong key level
So I think that there is a high chance
We will see a bearish pullback and a move down
SHORT🔥
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NIKKEI INDEX, Holding Important Levels, This Is Possible Now!Hello Traders Investors And Community, welcome to this important analysis about the NIKKEI 4-hour timeframe perspective, recent events occurred, the current formation-structure, what is possible within this environment, what we can expect when the proper scenario has confirmed rightly. In the last weeks almost all major world indices seem to recover from the heavy corona-breakdowns marked this year but the big question now will be if these recoveries are sustainable or if there are coming bigger pull-backs when not a continuation of the bear-action established this year ahead. In the NIKKEI I found some interesting and meaningful signs how further development will proceed which will have an impact on the outcome.
As you can examine when looking at my chart is that the NIKKEI is building up this triangular-formation marked with the orange triangle in my chart which is building coherently up by the falling resistance line you can watch marked in light-blue and the lower boundary of the rising channel the NIKKEI is forming here. Not only these levels building the symmetrical triangular formation which can break either to the up or downside here but also the confirmed touches of the lower and upper boundary and the several touched of the 60-EMA marked in red which is a significant factor in this range holding the overall trend to the upside, when this EMA is broken to the downside it will cause great bearish pressure, therefore, it is highly necessary to hold this EMA.
Taking all these factors into consideration and the fact that NIKKEI has not yet confirmed below the 60-EMA and therefore holding above it and the lower boundary a bullish breakout is more possible than a bearish breakout which will confirm with a 65 % possibility better as the bearish with a 35 % possibility, to make this breakout sustainable it is from high importance that the NIKKEI closes above the upper boundary with a protracted and stable move to confirm it in the right manner. When the breakout happens it can be traded conservatively after a pull-back, although the immediate entry in the triangle is also possible here it should not be kept as the best option as the triangle has still not confirmed so far the conservative trade should be smarter.
In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you!
Trading is about accessing possibilities, not certainties.
Information provided is only educational and should not be used to take action in the markets.
Nikkei & pattern's (angles and ratios)Nikkei took the resistance at the 12M resistance level, still trying to overcome it, trying here to give possible levels in the comment section
Continue Bull! Sideway StructuresHello friends, I hope you are having a productive week.
I would like to share my ideas on the Elliott Wave Principle with you.
Please refer to the attached chart for more information. If you are interested, you can also check out my previous analysis.
I want to mention that my understanding of this principle is based on my personal experience and I am still learning, but I hope to provide better analysis in the future.
Thank you for your continued support and I look forward to our mutual success.
Best regards, Mr. Nobody.
Go up and never stop.
Nikkei remains positive.NIK225 - 24h expiry
Selling posted in Asia.
The current move lower is expected to continue.
Our short term bias remains positive.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Weekly pivot is at 32495.
We look to Buy at 32505 (stop at 32295)
Our profit targets will be 33025 and 33125
Resistance: 33420 / 34015 / 34765
Support: 32630 / 32305 / 31900
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Nikkei 225 Reaches Psychological Level at 33,000In 2023, Japan's stock market is in a bullish trend (shown by the blue channel) as the country has an ultra-loose monetary policy (unlike other G7 countries that are fighting inflation). As a result, the cheap yen helps Japanese companies, which are largely export-oriented, to develop. According to the Cabinet of Japan, GDP in the second quarter of 2023 increased by 2% compared to the same quarter of the previous year.
The growth of the Japanese stock market from the beginning of the year to today is about 28%. And on Sept. 5, the Nikkei 225 closed above the psychological 33,000 level. Yahoo Finance reports that Kenji Abe, Daiwa Securities equity strategist, predicts the Nikkei could gradually rise to 35,000 after a strong reporting season this summer.
Bearish arguments:
→ the level of 33,000 points can serve as psychological resistance. After the Doji candle on September 6 (which can be interpreted as the uncertainty of market participants in the continuation of growth), the price dropped on the morning of September 7, which confirms the weakening of demand.
→ line (1), built on the highs of summer, can provide resistance.
However, the bullish argument is that the line (1) is an element of the flag technical analysis pattern. If the pattern works, then we should expect its breakdown and the continuation of the trend in 2023. How likely this scenario is can be judged by the depth of the rollback from the line (1), which is already looming on the chart.
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The Watchlist, NY Labour Day closeDespite the Labour Day, we had an excellent set up in the US indices and well done to those who took the trade :)
Nikkei No Strings AttachedWaves scenarios and potential tendencies on Nikkei. Looking for the price action where the big waves or smaller waves (of the price) might end. No trading advice. Unless something interesting shows up on the chart.
NIKKEI - Wave 5 - Elliott Wave (V2)Flat Regular seem completed at 31830, could not break below 31792. Because of this, target is just like previous plan.
Nikkei resistance has been clearly broken.NIK225 - 24h expiry
Our bespoke resistance of 32325 has been clearly broken.
Previous resistance at 32200 now becomes support.
Our short term bias remains positive.
There is no clear indication that the upward move is coming to an end.
We look to buy dips.
We look to Buy at 32251 (stop at 32071)
Our profit targets will be 32701 and 32801
Resistance: 32400 / 32600 / 32800
Support: 32200 / 32050 / 31900
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
NIkkei Forecast | Up For A LHNikkei appears to be following a Wykoff schematic, pulling up into the supply area and falling to two price levels.
The completion of the fall will theoretically lead to a bull run that will potentially test the H.H. somewhere in the future, but for now, a bullish impulse is in play that might lead to a (desired) lower high.
Conclusion:
Short-term Bulls and Long-term bearish interests. Best followed on momentum indicators.
Happy trading,
K.
Nikkei 225 Long: Price Target 34370I've been a bear for a long time and my previous call for Nikkei was for a short. However, while price has indeed fallen, it did so in a corrective manner and I had to revisit my counts.
In this analysis, I've redrawn the wave 3 such that it reaches the recent peak and the corrective wave after that became wave 4.
I would expect first price target to be the same price distance as wave 1.
JP225 to continue in a rally?NIK225 - 24h expiry
Short term momentum is bullish.
There is no indication that the rally is coming to an end.
32240 has been pivotal.
A break of the recent high at 32240 should result in a further move higher.
The primary trend remains bullish.
We look to Buy a break of 32266 (stop at 32086)
Our profit targets will be 32716 and 32816
Resistance: 32240 / 32400 / 32600
Support: 32150 / 31900 / 31750
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
