NIKKEI: EVERYONE SHOULD BE WATCHING NIKKEI - V2.0WAVE-5 of the 5th-WAVE .... Be CAREFUL of the possible RAMIFICATIONS
for NEXT weeks TRADING
NIKKEI225 trade ideas
NIKKEI: WAVE-5 of 5TH WAVE ... INDICES ALIGNING, FTSE & SPX500FTSE: REACHES FINAL WAVE-C of DOUBLE CORRECTION
( As oF MARCH FTSE has been in CORRECTION ):
THEREFORE EVERY MAJOR INDICES is ALIGNING toward the Downside
My setup for NikkeiClear W structure on daily. Waiting for a retest to the neckline before we make a higher high.
Trade idea NikkeiShort term bias sell...long term bias buy...price might be re-bounce at support line or orange box
Long Idea, Price retest best opportunity for a push to the upside. I'm thinking that if price pushes above fixed range than it might go the distance. So if it pushes past 23360 area, Im going to set a break even due to current market conditions. I'm taking 1st partial at 23420 150+ pips, where there was the highest volume was, might be an area of resistance still.
Nikkei 225 4HR Rising Wedge Nearly FormedWe can see a Rising Wedge forming on the Nikkei 225.
We are not ready to trade yet as we still need to wait for the break but we can get our basic trade plan together now.
Our take profit will be the approximate size of the pattern multiplied by its chances of actually reaching target.
So, a target of ~1633$ * 0.63 (63%) gives us an expected move of around 1028$ from the break point.
Our stoploss should be approximately at our previous swing high, currently around 23760$.
Will update as it plays out with solid TP, SL, and entry points.
Pattern information: thepatternsite.com
Time Not to Chase U.S. Indexes If DAX Looking "Toppy"The DAX is trying to break down from a H&S. Because of this, I can't chase the upside in U.S. indexes.
