JPN225 trade ideas
Nikkei 225 Sets 21st Century HighAs the chart shows, this morning the Nikkei 225 price exceeded 35,700, its highest level in decades.
The Nikkei 225 index reached its all-time high on December 30, 1989, at 38,957.44 points. This was against the backdrop of Japan's economic boom, which began in the 1980s and continued until the early 1990s.
Nikkei 225 growth is supported by lower inflation:
→ in Japan: the latest data showed an annual inflation rate of 2.8% — lower than a series of more than 10 previous values, all of which were above 3%. This reduces fears that the Bank of Japan will raise interest rates and limit its current economic stimulus policies.
→ In the USA. Today, we remind you that at 16:30 GMT+3 inflation data in the USA will be published. It is also expected to show a slowdown in inflation. Therefore, market participants believe in a reduction in Fed rates, which can give impetus to the development of companies.
The NIKKEI chart shows that:
→ the price is in an upward trend (marked by a blue channel);
→ the price has overcome the correction period (marked by a red channel), which can be interpreted as a flag figure;
→ on December 7, the price tested the upper border of the flag (shown by the first arrow);
→ on January 4, the price formed a higher low (shown by the second arrow);
→ has overcome the median line of the channel (blue dotted line).
Indicators show overbought, the long upper shadow on the last candle indicates that the bears are activating, so a pullback should not come as a surprise. The median line could help the bulls consolidate their progress, and the 33,800 level should now be regarded as important support.
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$NIKKEI 225 Japan - Takes out Jun/1990 High.2nd shaded area within the 'Bowl' has now been exceeded, meaning the 34 Year high has been taken, and if it holds will target the 'Rim' which is the Dec/1989 High of 38957.
An ensuing pop of the 'Bowl' would constitute a Break/Out and if confirmed with increased volume will focus on the higher trend targets. Although a pull back to the Breakout line or below cannot be ruled out.
$NIKKEI 225 Japan - Takes out Jun/1990 High.2nd shaded area within the 'Bowl' has now been exceeded, meaning the 34 Year high has been taken, and if it holds will target the 'Rim' which is the Dec/1989 High of 38957.
An ensuing pop of the 'Bowl' would constitute a Break/Out and if confirmed with increased volume will focus on the higher trend targets. Although a pull back to the Breakout line or below cannot be ruled out.
The third wave of a larger wave is formingDear FRIEND,
I hope you're doing well and that the new year has started on a good note for you. I wish you success in your business endeavors and a happy new year with your loved ones.
As someone interested in the Elliott Wave principle, I find it to be a valuable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market.
I am sharing my analysis with you. However, please note that I am not providing any buy or sell signals. My goal is to share my unbiased analysis with you so that you can use it as a guide to make informed decisions.
In the attachment, I have included my previous analysis of the same market so that you can compare and see the. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily).
I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished.
Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
Sincerely,
(Mr. Nobody)
NIKKEI 225 in a daily rangeNikkei consolidates its upward movement of recent months in a daily range between 30500 and 33800.
We buy the low at 30500 and short the high at 33800.
-If a bullish break of 33800 the scenario is canceled and the next medium term objective will be 38000
NIKKEI 225 : SHORT TERM BULLISH APPETITE- The market is moving sideways, with no new lows or highs since summer 2023.
The long-term trend remains neutral.
- In the shorter term, the market is locked in a trading range (orange) of around 1600 points, framing prices between 32,230.0pts and 33,855.0pts.
At the beginning of December 2023, after hitting the lower limit of its trading range, the market recorded a strong rebound leading prices to their upper limit.
Since then, and even if the market has not managed to clear its first resistance level at 33.855, prices continue to move above a medium-term bullish trend line.
Even the recent earthquake in Japan a few days ago failed to reverse the bullish sentiment on the index.
The two moving averages remain bullish, providing dynamic support for prices while the RSI indicator confirms the continuation of the short-term bullish scenario by displaying no break in its trend line.
- As long as prices remain above 33,000.0 points, the bullish scenario should prevail in the short/medium term. The next target remains around 33,855.0pts while other resistances can be located around 34,460.0pts, 35,450.0pts and even further if the market ever breaks out of its trading range from above.
Diagonal for the fifth wave?? or the extension of the market treHello there,
I hope you're having a great start to the new year. I wish you all the best in your trading ventures and a happy new year with your loved ones.
I'm a fan of the Elliott wave principle, which I find interesting and useful for market analysis. I've developed my analytical approach by combining this principle with my personal experience and considering various scenarios that are likely to occur in the market.
Although I'm going to share my analysis with you, please note that I won't be providing a buy or sell signal. My goal is to share my unbiased analysis so that you can use it as a guide to make an informed decision.
To give you confidence in my analysis, I'll always share my previous analysis from the same market so that you can compare. All the details of my analysis are clearly labeled, making it easy for you to understand.
I hope my analysis will be useful to you in your business journey, and I wish you the best.
I'm waiting to hear from you. Finally, I'd like to remind you that like-mindedness and support, comments, and likes are the most important pillars of progress, like support points in the financial markets. They give me the energy to continue and share more ideas with you.
Sincerely,
JP225 - BULLISH "Observing a bullish sentiment in JP225 with a potential market structure shift. Considering entry aligned with Fair Value Gap (FVG), setting stop-loss below recent swings, and eyeing recent highs for profit-taking. Trade cautiously, manage risk. #JP225 #TradingStrategy 📈✨"
Earthquake hit Japan, First Short Nikkei, then buyOn January 1, 2024, Japan experienced a significant seismic event, a 7.6 magnitude earthquake. The aftermath is still being assessed. Examining past earthquakes reveals a pattern: after the 1995 Hanshin Earthquake, the Nikkei dropped by 19.75%, and following the 2011 Tohoku Earthquake with a magnitude of 9, the Nikkei declined by 18.49%. If history repeats, with an 18% drop this time, the Nikkei 225 may test the 0.382 support at 27,230. Market developments will unfold upon opening. In both the 1995 and 2011 earthquakes, the Bank of Japan implemented loose monetary policies. However, as the JPY is a safe haven, USDJPY depreciated in both instances, falling by 20% in 1995 and 8.13% in 2011.
JPN225 LongsMarket has been hitting All-Time-Highs.
Trend is still bullish.
Aggressively add to original position if in profit, once price has found support.
Avoid adding to original position if negative.
NK225 short: I think it's a wave 2 upThis is a quick update on NK225. I think this wave up is a wave C of 2 and thus it cannot be sustained.
Nikkei 225The 225 has had a great year in 2023 breaking their longstanding decline. I am expecting a slight correction year for the start of the new year
NIKKEI is starting a new rally.Last time we looked at Nikkei (NI225) for the long-term (May 26 2022), it gave us the most optimal buy entry we could expect (see chart below), as it bounced on the 10 year (since October 2012) Higher Lows trend-line, and from 26000 almost hit 34000:
The index has since seen a 4 month correction (from July to October) to the 1W MA50 (blue trend-line), which held and initiated a rebound. This rebound is technically the introduction to the new multi-month rally towards the top of the Channel Up. This is consistent with the pre COVID crash consolidation and before that with the first three quarters of 2017.
Both sequences completed rallies of approximately +63%, the first to the 1.618 Fibonacci extension and the second above the 2.0 Fib level. As a result if we take a modest approach to the upcoming rally, we expect to see at least 36700, which is the 2.0 Fib ext. and is our long-term target. A new +63% rise from the bottom though, gives as a 40300 price tag.
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JPN225 may go lower after hitting top channelNikkei have change to go lower as it hits the top of channel in the 4 hour timeframe.
Overbought in RSI with chance to close gap form 2nd Aug.
Setting a good sell limit at 33150 zone, with the 2nd previous high as SL. TP will be at the bottom of the channel giving a 1:3 RR.
JPN225 Short potential at 32700Price has retraced since hitting a lower low for the longest time.
4Hr at higher BB
RSI at overbought.
hitting resistance zone.
Nikkei 225 Trade Idea for 20thDec2023 Super BullishNIKKEI 225 trade idea for 20/12/2023.
Major catalyst BOJ is out of the way now, Nikkei shows super bullish continuation from the monster move today. Text book bull flag break out just after the close to 500 points move after BoJ press conference. Price consolidated after that and shows another bull flag in the after hours trading.
Plan for 20/12/2023
Entry: Ideally pull back at the open at bull flag base -33353 or at 33227 - yesterday's VWAP
Targets: 33632, 33681, 33808 and 34030
Support: 33227,33096
Happy trading, feedback welcome to improve my analysis. Thanks for reading
Looking to short the marketBy short the market, I mean to short the S&P500 and the Nikkei (JPN225).
Reasons for shorting these markets is alignment and the extreme overbought state it is in at the moment. This is not a bear market prediction, simply using the end of the December bull seasonality factor with alignment of the markets.
SP500 Short confluences:
All time high
Duplicate Trendline 2nd touch
Round number 4800
Nikkei Confluences:
All time high
Round number 34000
Using breach of first high to take the last high at the round number. I am also choosing this high as the HL formed makes the first high less likely to work therefore, because I want higher probability, I will take the high above.
Catch you later traders ▲
Expanded diagonal?? The fifth wave will expandHello!
I am a big fan of the Elliott wave principle, which I find very interesting and useful for market analysis. I have developed my analytical approach by combining this principle with my personal experience and considering various scenarios that could occur in the market.
While I would like to share my analysis with you, please note that I am not providing a buy or sell signal. My primary intention is to share my unbiased analysis so that you can utilize it as a guide to make an informed decision.
To build your confidence in my analysis, I always share my previous analysis from the same market so that you can compare and see the progress. All the details of my analysis are clearly labeled, which should make it easy for you to understand.
I hope that my analysis is useful to you in your business journey, and I wish you all the best.
I am looking forward to hearing from you. Lastly, I would like to mention that like-mindedness and support, comments, and likes are the most important pillars of progress, just like support points in the financial markets. They give me the energy to continue and share more ideas with you.
Sincerely
Nikkei 225 looks rise for a breakoutNikkei 225 looks ripe for a break
Today's swift move to 33420 has confirmed it
JAPAN225 still on track 35000/35976 MAJOR TOP The wave structure and fib relationships are on still on track in fact if history is anything it is cyclical TOP due 12/28
