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Nikkei 225 micro Futures

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NK225MC1! trade ideas

Elliott Wave View: Nikkei Should Extend HigherElliott Wave view in Nikkei (NKD_F) suggests that the Japanese Index ended wave (4) on December 3 at 22898. This is part of a bigger impulsive 5 waves rally from August 25, 2019 low (not shown on the chart). Up from August 25, 2019 low, wave (1) ended at 21970, wave (2) pullback ended at 21070, wave (3) ended at 23660 and wave (4) ended at 22898. In the 1 hour chart below, we can see the Index has resumed higher in wave (5). The rally from December 3, 2019 low is unfolding as a 5 waves Elliott wave impulsive structure. Up from 12/3/2019 low, wave ((i)) ended at 23565 and wave ((ii)) pullback ended at 23265. The Index then extended higher in wave ((iii)) towards 24075 and pullback in wave ((iv)) ended at 23770. Index is expected to end wave ((v)) soon with another leg higher. This final leg should also end wave 1 in higher degree. Afterwards, Index should correct cycle from December 3, 2019 low within wave 2 before the rally resumes. We don’t like selling the proposed pullback and prefer buying wave 2 dips in 3, 7, or 11 swing as far as pivot at 22898 low stays intact. Potential target for wave (5) is 100% – 123.6$ Fibonacci extension of wave (1) towards 25171 – 25707.
CME:NKD1!
by Elliottwave-Forecast
Nikkei 225 Japanese supply and demand forecastNikkei 225 Japanese Index has been rallying for a few weeks creating new strong weekly demand imbalances. Nikkei 225 index has unfortunately not retraced yet to any of these two strong weekly imbalances and continues to rally on its way to weekly supply imbalance around 23600. Nikkei 225 Japanese Index futures forecast. As per the weekly timeframe analysis, Nikkei 225 Index futures is in a clear uptrend creating new weekly demand imbalances at 21850 and lower at 20570. Nikkei tried to correct and reached bottom weekly demand level but it just couldn’t and kept on rallying ending up creating another strong weekly demand imbalance around 21850. Long term long bias on Nikkei index. This is the kind of price action technical analysis you will learn in our trading community. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances. Trading supply and demand imbalances is ideal for beginners and those with a full or half time job, you won’t need to stay in front of the computer all day long trying to move price action with your mind.
CME:NKD1!Long
by AlfonsoMoreno
1
Elliott Wave: Nikkei Bullish Sequence Favors More upsideNikkei incomplete sequence from December 26, 2018 low and August 26, 2019 low, favoring further upside. A 100% Fibonacci extension from August 26, 2019 low comes at 23360 while 100% extension from December 26, 2018 low comes at 23380. Until the Index reaches this area, short term dips likely remain supported in 3, 7, or 11 swing. On the chart below, we can see the pullback to 21070 ended wave ((2)). The Index resumes higher in wave ((3)) with the internal subdivision unfolding a 5 waves impulse Elliott Wave structure. Up from 21070, wave 1 ended at 21650 and wave 2 pullback ended at 21325. Index then resumed higher in wave 3 towards 2300, and wave 4 pullback ended at 22661. Index should soon complete wave 5 of (1). Afterwards, it should pullback in wave (2) to correct the cycle from October 3 low before the rally resumes. We don’t like selling the Index and expect buyers to appear in the sequence of 3, 7, or 11 swing as far as pivot at 21070 low stays intact.
CME:NKD1!Long
by Elliottwave-Forecast
Elliott Wave View: Nikkei Buyers in ControlNikkei shows Elliott Wave bullish sequence from December 26, 2018 low and August 26, 2019 low. This suggests that buyers are in control and favors further upside in the Index. The pullback to 21079 ended wave ((2)) and the Index has resumed higher in wave ((3)). Internal subdivision of wave ((3)) takes the form of a 5 waves impulse Elliott Wave structure. Wave (1) of ((3)) is currently in progress as a leading diagonal. Up from 21079, wave 1 ended at 21650, wave 2 ended at 21325, wave 3 ended at 22265, and wave 4 ended at 21905. Expect Index to soon complete wave 5 of (1). Afterwards, Index should pullback in wave (2) to correct the cycle from October 3 low before the rally resumes. We don’t like selling the Index and expect buyers to appear in the sequence of 3, 7, or 11 swing as far as pivot at 21079 low stays intact.
CME:NKD1!Long
by Elliottwave-Forecast
Elliott Wave View: Nikkei Looking for More DownsideShort Term Elliott Wave View in Nikkei suggests the decline to 19900 on August 6 ended wave (3). The Index is currently in wave (4) bounce and the internal subdivision is unfolding as a double three Elliott Wave structure. Up from 19900, wave W ended at 20795 as a zigzag. Wave ((a)) of W ended at 20650 and wave ((b)) of W ended at 20220. Then the move higher to 20795 completed wave ((c)) of W. The Index then pullback to 20075 which ended wave X with internal subdivision as a zigzag. Wave ((a)) of X ended at 20300, wave ((b)) of X ended at 20765, and wave ((c)) of X ended at 20075. Wave Y is in progress with the internal subdivision of a double three in lesser degree. Up from 20075, wave ((w)) ended at 20685 and wave ((x)) ended at 20450. Near term, while above 20075, Index has scope to extend higher towards 20974 – 21530 area to end wave Y of (4). Expect sellers to appear from the above area and Index to either resume lower or pullback in 3 waves at least. We don’t like buying the Index.
CME:NKD1!Short
by Elliottwave-Forecast
Elliott Wave & Intermarket Analysis For NIKKEI And USDJPYHello traders! Today we will talk about stocks, specifically Nikkei and why USDJPY can see higher prices. Well, as you may already know, in EW theory after a three-wave corrective decline, the trend should remain to the upside. This is what we see in the stock market all the time. However, Nikkei got our attention, because we can see a nice five-wave rally after that three-wave a-b-c correction, which means that Nikkei remains in uptrend, but after another three-wave correction in the lower degree, where ideal support would be here around 21450 - 21250 levels, just keep in mind that bullish confirmed can be only if it manages to turn back above 21770 region! In the right picture you can see tight positive correlation between NIKKEI and USDJPY, which means that if NIKKEI points higher, then even USDJPY can see higher prices, so don't be surprised if USDJPY remains bullish towards 109 area or higher! So, seems like risk-on sentiment may continue and when we are in risk-on, we usually see bullish stocks, which are followed by recovery on XXX/JPY crosses. That being said, be aware of a bullish continuation on stocks, while XXX/JPY cross pairs may see a bigger recovery! Be humble, trade smart and wait for the right sentiment to enter the market! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
CME:NKD1!Education
by ew-forecast
Chart of the Day: NY1! Potential +3% counter-trend rallyAt this stage of the market, one should expect global equities to have a correlation of 1x and today's chart of the day for the NY1! can be viewed in-line with yesterday's call on the ES1!. The NY1! should see some support at current levels as it approaches key SSR levels and test the lows of the 4th leg of the 3-Drive formation (if you prefer, Elliot Wave 5-Wave). If you increase the resolution to the 30M time frame, the basing process is apparent. At this stage, I am looking for a counter-trend rally to the 21.8k level which be congestion zone made up of a SSR level, moving average, trend line resistance as well as the 61.8% retracement level. Why is it a counter-trend rally:- #1 It is a trend break and unless price action breaks above the trend-line resistance, one should be looking for a ABCD move down at the minimum. #2 The Apr'19 peak is a lower high versus the Oct'18 peak which implies the ABCD down move in #1 is actually part of a larger CD leg down. #3 The $JPY should be viewed as a haven trade to test the lows of 107 over the medium term. #4 As previously mentioned, Trump has left himself with no possible exit beyond total victory which includes crossing red lines set by the Chinese. While I can't opine if the Art of the Deal will prevail, I would say the odds of failure is very high. The situation is very similar in the US confrontation with Iran, there is no better alternative from the Trump administration and if Iran is pushed into a corner, the odds of a conflict is very high. This is my 2cents and should not be viewed as a solicitation to buy or sell or trade any securities. For more information on SSR levels, please search for Relative Force Significant Support and Resistance under Scripts.
NLong
by WellTrainedMonkey
Elliott Wave View: Impulsive Decline in NikkeiOur Elliott Wave view on Nikkei suggests the rally to May 4, 2019 high (22505) ended wave w. This ended cycle from December 26, 2018 low and the Index is in the process of at least doing a larger 3 waves pullback. Short Term, decline in Nikkei from May 4, 2019 high is unfolding as an Elliott Wave impulse structure. Down from 22505, wave 1 ended at 21935 and wave 2 ended at 22245. Wave 3 ended at 21080 low. Expect wave 4 bounce to fail in 3, 7, or 11 swing as far as wave 2 pivot at 22245 stays intact. Possible target for wave 4 is 23.6 – 38.2 retracement of wave 3 at 21539 – 21672. Alternatively, Index can end the entire 5 waves from May 4, 2019 high already. In this case, it should do a larger 3 waves bounce to correct the cycle from May 4 high before the decline resumes. We don’t like buying the Index and expect further downside in the Index to complete a 5 waves down.
NShort
by Elliottwave-Forecast
Elliott Wave View: Nikkei Still Missing Wave 5Short Term Elliott Wave view on Nikkei Futures suggests the pullback to 20704 ended wave (2). The Index then resumed higher in wave (3) which ended at 21985. The internal of wave (3) subdivided as an impulse Elliott Wave structure. Up from 20704, wave 1 ended at 21415, wave 2 ended at 20985, wave 3 ended at 21765, wave 4 ended at 21490, and wave 5 of (3) ended at 21985. We can also see the internal of wave 1, 3, and 5 all subdivide as an impulse (5 waves) of lesser degree. This is an illustration of fractal within Elliott Wave where each wave consists of smaller waves and the pattern repeats indefinitely. Wave (4) dips appears complete after a 3 waves pullback ended at 21588+ blue box area. The internal of wave (4) unfolded as a zigzag Elliott Wave structure where wave A ended at 21735, wave B ended at 21835, and wave C ended at 21565. At this stage, Nikkei still needs to break above wave (3) at 21985 to avoid a double correction in wave (4). While dips continue to stay above wave (2) low at 20704, expect Index to extend higher in wave (5). If bounce from the blue box fails to break above (3) high and it breaks the recent low, then structure of wave (4) should become a double three Elliott Wave structure and would be labelled as WXY. We would be able to define the next blue box area for a bounce if the bounce does fail and breaks the recent low.
NLong
by Elliottwave-Forecast
Elliott Wave View: Nikkei Rally Likely Fails for DownsideElliott Wave view is calling an end to Nikkei’s rally from December 26, 2018 low with wave X at 21884. The Index should resume the move lower and should eventually break below wave December 26, 2018 low. Or at minimum, the Index should do a larger 3 waves pullback to correct the cycle from 19055 low. Down from wave X at 21884, the decline is unfolding as a zigzag Elliott Wave structure where wave ((a)) ended at 20680. Internal of wave ((a)) subdivides as a 5 waves impulse. Wave ((b)) bounce is currently in progress as a Flat Elliott Wave structure. Up from 20680, wave (a) ended at 21520 and wave (b) ended at 20705. Internal of wave (a) unfolded as a double three Elliott Wave structure. Up from 21520 low, wave w ended at 21410, wave x ended at 21015, and wave y of (a) ended at 21520. Internal of wave (b) ended as a zigzag at 20705. Wave a of (b) ended at 21160, wave b of (b) ended at 21505, and wave c of (b) ended at 20705. Wave (c) of ((b)) is in progress as a 5 waves impulse. The rally should fail below March 4 high at 21884 for further downside. We don’t like buying the Index and expect rally to fail for further downside as far as pivot at 21884 high stays intact.
N
by Elliottwave-Forecast