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Nikkei Stock Average, Nikkei 225Nikkei Stock Average, Nikkei 225Nikkei Stock Average, Nikkei 225

Nikkei Stock Average, Nikkei 225

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NIKKEI225 trade ideas

NIKKEI a bearish long-term signalNot the most of encouraging formations for Nikkei as not only is the price struggling to break the 12-year Higher Highs trend-line (light blue zone) and has been consolidating on the 1W time-frame, but the 1W RSI is on its Resistance level too while the MACD printed a Bearish Cross. Similar occurrences in the past have caused the index to pull-back to the 1W MA50 (blue trend-line) once and the 1W MA200 (orange trend-line) twice. What about this time? ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> xBTala --------------------------------------------------------------------------------------------------------
TVC:NI225
by TradingShot
6
ANALYSIS ON D1We had a previous discussion where we went through the triangle formed from B to D We saw that the trend BCD was an equilateral triangle with average sides 112.6 units Point E had an offset from the terminus of the side CD, that is its origin was lower than the ending level of CD. From that origin at E to the current top on 16th Feb.2021 we had a magnitude 46.14 units Average of sides of 1st triangle: = V(BC) + V(CD) + V(BD) / 3 = (115.91 + 110.32 + 111.77) / 3 = 112.6 units Current side from E = 46.14 units 112.6 / 46.14 = 2.441 ratio Inverse of 2.441 = (1 / 2.441) = 0.41 (approx. = 0.414 ratio) 0.414 is the complement of a root 2 rectangle 2.441 is a compound rectangle, that is Unity + Unity + Inverse of root 5 So the current top came in as a root 5 sub structure, the following correction has just made a double bottom on the 0.707 sacred cut section of a range completing the March Cycle low. Currently, if this 0.707 section holds then price will continue a steady rise into the top of the range in the 33423 level. The 0.707 section also coincides with a golden ratio of a range between 26226.9 - 29650 levels. Price can make a first touch at the top of this range at 29650 and decline briefly before continuing the advance Stop loss must be tightly set below the current low. Trade safe, good luck
OANDA:JP225USDLong
by Fairmont-Markets