NK225MC1! trade ideas
Nikkei broke out yesterdayI cannot get as clean of lines in TV as I did in yahoo for this index.
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I said yesterday it broke out, as it was just over recent downwards trend. (as you can see in the yahoo chart's screenshot, attached is my statement below)
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This morning it touched the top of the longer term downwards trend.
29200 was my target, but looking at this TV I see 30130 should be possible.
Further included in Black Rock x Trade Central's bulls of the week was "iShares MSCI Japan ETF (EWJ:NYSE)"
i.imgur.com
So it is likely Japan will go to the new 30k target if not break out to ATH.
NIKKEI Elliott analysisNIKKEI may rise to top of channel and support us-indexes in the day ahead before comming down further.
Nifty -bears Inclined or importedAll the four charts are interesting to see, a) Nikki - broke the triangle as well as the 21 DMA b) FTSE, broke follow through and then failed closer to 21 DMA c) Dax had volatile week and just about to break the Triangle d) our own nifty in triangle 21 DMA is very far off. Clues suggest a) all moves are synchronised in that sense all looking south. b) we are different and each one carves its own path (most unlikely). Again August historically more volatile hence caution is needed. Brace for volatility inclined to be on short side, at best topping out pattern.
Elliott Wave View: Nikkei (NKD) Rally Likely to FailElliott Wave structure of Nikkei (NKD) shows incomplete sequence from February 16, 2021 high as well as from June 15, 2021 high suggesting further downside is likely. From June 15 peak, the Index shows a 5 swing sequence which is an incomplete sequence that needs further downside. The decline from June 15 is unfolding as a double three Elliott Wave structure. Down from June 15, wave W ended at 27510 and rally in wave X ended at 28860. Internal subdivision of wave X unfolded as an Expanded Flat where wave ((a)) ended at 27875, wave ((b)) ended at 27415, and wave ((c)) ended at 28860.
The Index has resumed lower in wave Y as a zigzag Elliott Wave structure. Down from wave X, wave (i) ended at 28495, and rally in wave (ii) ended at 28700. The Index resumes lower in wave (iii) towards 27850 and bounce in wave (iv) ended at 28200. Final leg lower wave (v) ended at 27080 which should complete wave ((a)) in higher degree. Bounce in wave ((b)) is in progress to correct cycle from July 13 peak before the decline resumes. Near term, as far as July 13 pivot high at 28854 stays intact in the first degree, expect rally to fail in 3, 7, or 11 swing for more downside.
NI2251 Analysis29020 is the miner support Area 29100 is the trusted support Area and price also rejected. Long positions above 29050.00 with targets at 29200.00 & 29300.00 in extension. My predicted targets will be Tp1 29200.00 Tp2 29300.00.
Easier option than NASDAQ.?Easier option than NASDAQ.?
only 2 scenario which is angry bull coming
1.push one way to the resistance trendline then lets see what happend in that area,if its rejected and make some good reversal pattern i would say its going to challange the support trendline again,if its break through the next target is 30725 area
2.bit pullback to pick up some strenght in area 27890,then bull will coming with taget at resistance trendline,after target reached then its has same analysis as scenario 1
the summary is we are in bull phase for next 30-60 day,based on last 30 year seasonality data JUNE,JULY,AUGUST is bull season as JULY is the peak
Nikkei: Contrarian LongAt first glance, I was excited that the Nikkei futures were forming a 3 hump pattern similar to the one formed in February 2020 before the big dump.
then, I started noticing difference in volume / flow (CMF). Back then, the bearish divergence was quite clear, and now it's not all that clear. In fact, that sudden CMF increase looks a bit like bullish divergence similar to what we saw on the Nasdaq a few weeks ago.
Targeting a long from the 28000 area. If we don't get that low, I probably won't enter the trade.
NKD1 nikkeiAiming to retest on the resistance level, made tp and sl clear for yall, short term i mean don't hold for too long and i didn't use multiple tps since yall capital differ from on to another.
NIKKEI 225 - TARGET 19000Bull trend resuming after Nov14 - Feb15 consolidation. Terget is around 19000 by end of Feb2015.
Elliott Wave View: Nikkei May Pullback Short Term While Remains Short Term Elliott Wave view suggests the rally from December 21, 2020 low in Nikkei Futures is unfolding as a 5 waves impulse Elliott Wave structure. Up from December 21 low, wave ((i)) ended at 27715 and pullback in wave ((ii)) ended at 26955. Index then rallied to 27615 to end wave (i) and pullback in wave (ii) ended at 27410. Wave (iii) ended at 28300, dips to 28035 ended wave (iv) and last leg higher wave (v) ended at 28380. This completed wave ((iii)) in higher degree. Afterwards, pullback in wave ((iv)) ended at 27965 as a triangle.
Index is now in the process of ending the last leg wave ((v)) as another 5 waves in lesser degree. Up from wave ((iv)) low at 27965, wave (i) ended at 28230 and wave (ii) ended at 28125. Wave (iii) ended at 28510, pullback in wave (iv) ended at 28375, and Index is expected to complete wave (v) of ((v)) soon. This should end wave 1 in higher degree and complete the cycle from December 21, 2020 low. Afterwards, expect Index to pullback in wave 2 in the sequence of 3, 7, or 11 swing to correct cycle from December 21 low before the rally resumes.
Japan led us to deflation, now they'll lead us to inflationThe story of MT Fuji was of the Japanese stock market boom of the late 1980's into the early 90's. Now we're seeing levels retrace through the technical elements along with fundamentals looking historically similar. Technicals in sight here for the incoming Thurs Tokyo lock down could give way to an optimal long term entry.
Short term outlook: Bearish
Long term outlook: Bullish
Nikkei 225 To Lead Global Equities Higher?The Nikkei 225 continues to show relative strength and has one of the cleanest absolute trends of the global indices I track. It's already breaking out ahead of the US and European indices, which suggests to me we could see them follow it higher in the next day or two. If you're trading the equity indices --- keep your eye on the Nikkei 225 for clues.
NIKEEI UpdateLooking at the chart, it appears NIKKEI dumped as soon as MFI got overbought.
Something watch out for next time, there's a reason why I plot both RSI and MFI
Is the ASian pump finally over?Japan and Korea both overbought and appear to have rolled over. Could this be the end of the vaccine pump?
We'll find out later this week, but I would count on Asia to pump futures for the rest of teh week.
Nikkei ATHWhy is the Nikkei at all time high (ATH), lol. The Japanese economy can;t be doing that good, plus they;ve had negative interst rates for awhile now. Overbought on the daily...
Ridiculous, lol.
Elliott Wave View: Nikkei (NKD) Ready to Extend HigherShort term Elliott Wave view on Nikkei (NKD) suggests the Index ended cycle from October 9 peak in wave (2) at 22889. Subdivision of wave (2) unfolded as a zigzag. Down from October 9 peak, wave A ended at 23380 and wave B ended at 23705. Wave C of (2) ended at 22889 which can be seen in the 45 minutes chart below. Index has since turned higher in wave (3). However, it still needs to break above the previous peak on October 9 peak at 23765. Up from wave (2) low at 22889, wave ((i)) ended at 23160 and pullback in wave ((ii)) ended at 23045.
Index resumed higher in wave ((iii)) towards 23450 and pullback in wave ((iv)) ended at 23350. Index should end wave ((v)) soon and this should complete a 5 waves impulsive rally wave 1 in higher degree. Afterwards, Index should pullback in wave 2 as a zigzag to correct cycle from October 30 low before the rally resumes. As far as wave (2) pivot low at 22889 stays intact, expect pullback to find support in 3, 7, or 11 swing. Potential minimum target higher in wave (3) is 100% – 123.6% Fibonacci extension from September 21 low, which comes at 24123 – 24417.
Spooky Trendline NKDSince 2018 NKD1! has been posting diminishing returns within their market. Though, these are new times none of us have witness when it comes to new economic and monetary policy. Do we reject this trend and print yet another lower high? Or does the Japanese market breakout? What is interesting is that during the US market correction that occurred at the start of September, NKD merely chopped. This appears to be a bullish sign, but we shouldn't enter a play at this moment. We will wait for either a breakout or a breakdown to position ourselves in the correct manner.
