Nikkei 225 Short: Break and rejection from trendlineNikkei 225 was ranging in an ascending triangle which, by itself, is a bullish setup. However, the odds of this setup breaking up is not high (last I remember, it's about 66% but please don't quote me or ask me to verify).
Now we are focused on 2 facts:
1. It has broken down from the lower trendline, and
2. price was rejected at the broken trendline.
What this means is that the breakdown from the ascending triangle is real and not a fake breakout. And what this also means is that Nikkei is now in a downtrend. Likely we are going to see a crash coming.