Nikkei has turned positive.NIK225 - 24h expiry
Previous resistance level of 31399 broken.
The current move higher is expected to continue.
We are trading at overbought extremes.
Short term bias has turned positive.
Preferred trade is to buy on dips.
We look to Buy at 31405 (stop at 31145)
Our profit targets will be 32055 and 32185
Resistance: 32170 / 32450 / 32780
Support: 31765 / 31250 / 30600
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
JP225 trade ideas
Sideway Corrective Is Done ! Wait For confirmedGreetings, dear friends. I hope you are having a productive week.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
It's important to understand that making an error in analysis is not a fault, but evading responsibility is.
No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
Thank you for your continued support, and I look forward to our mutual success.
Best regards,
Mr. Nobody
Keep trying and never give up.
Good luck!
NIKKEI Elliott Wave Analysis for Tuesday 10/10/2023The primary expectation is that wave (4) has finished after a WXY correction. We are in the areas from where we can reverse. We are looking at two scenarios on the lower timeframe. The first scenario identifies a complete structure. In the second scenario, two more swings are missing. A failure of both scenarios on the lower timeframe is an indication of a bearish scenario in the higher timeframe
Nikkei 225 buy trade the Nikkei 225 index seems to have a bullish bias in the short term, as it has recently broken above a resistance level at around 30,000 points and is approaching its 200-day moving average at around 31,000 points. The index has also formed a bullish inverted head-and-shoulders pattern on the four-hour time frame, which suggests a potential upside target of around 31,600 points. The index is supported by a positive momentum indicator (MACD) and a rising trend line that connects the higher lows since August.
NIKKEI Elliott Wave Analysis for Monday 09/10/2023 (+ Higher TF)The primary expectation is that wave (4) has finished after a WXY correction. We are in the areas from where we can reverse. We are looking at two scenarios on the lower timeframe. The first scenario identifies a complete structure. In the second scenario, two more swings are missing. A failure of both scenarios on the lower timeframe is an indication of a bearish scenario in the higher timeframe.
NIKKEI Elliott Wave Analysis for Friday 06/10/2023The NIKKEI is doing a wave (4) correction as a WXY. Currently, we are working on the Y leg as another wxy structure. We are in the areas from where we can reverse. We are looking at two scenarios on the lower timeframe. The first scenario identifies a complete structure. In the second scenario, two more swings are missing.
NIKKEI Elliott Wave Analysis for Thursday 05/10/2023The NIKKEI is doing a wave (4) correction as a WXY. Currently, we are working on the Y leg as another wxy structure. We are in the areas from where we can reverse. We are looking at two scenarios on the lower timeframe. The first scenario identifies a complete structure. In the second scenario, two more swings are missing.
NIKKEI225 stalls and reverses at supportNIK225 - Intraday - We look to Buy at 31250 (stop at 31000)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Previous support located at 31251. The hourly chart technicals suggests further downside before the uptrend returns. Preferred trade is to buy on dips.
Our profit targets will be 31960 and 32305
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Resistance: 31900 / 32305 / 32630
Support: 31250 / 30800 / 29810
Nikkei 225 IndexHello friends
In the Niki index, we see a 5-wave pattern
which is completing the 5th wave
It seems that wave 4, which is usually longer and more complicated than wave 2, has been completed, and wave 1 of 5 and 2 of 5 have also been completed.
If the bottom range of 31323 specified in the chart is broken, our theory is wrong and should be revised
Therefore, we expect the start of wave 3 out of 5, which is usually the most powerful wave 3 in any wave
Good luck
Big Sideways StructureGreetings everyone,
I hope you've had a productive week with successful trades. I wanted to share some of my ideas on the Elliott Wave Principle. It's crucial to make informed decisions and exercise patience in all transactions.
As per a quote from (J.F.), a professional analyst of the Elliott wave principle, amateur traders tend to focus on the possibilities that may happen while professional traders focus on the possibilities of what is happening.
My recommendation is to bear in mind that, after making a trade, the primary responsibility of the trader is to minimize risk, eliminate it, and ultimately preserve the profits earned.
Thank you for your continued support, and I'm excited to continue our journey together.
Sincerely,
WAVE IV : BIG CORRECTIVE !!!Greetings everyone,
I hope you've had a productive week with successful trades. I wanted to share some of my ideas on the Elliott Wave Principle. It's crucial to make informed decisions and exercise patience in all transactions.
As per a quote from (J.F.), a professional analyst of the Elliott wave principle, amateur traders tend to focus on the possibilities that may happen while professional traders focus on the possibilities of what is happening.
My recommendation is to bear in mind that, after making a trade, the primary responsibility of the trader is to minimize risk, eliminate it, and ultimately preserve the profits earned.
Thank you for your continued support, and I'm excited to continue our journey together.
Sincerely,
NIKKEI SELL The Nikkei 225 Index fell 0.8% to below 32,500 while the broader Topix Index lost 0.7% to 2,370 on Tuesday, erasing gains from the previous session, with nearly all sectors participating in the decline. Breaking a support level and forming a pullback pattern will more likely a sign that nikkei will continue its downtrend move.
Nikkei continues to rise.NIK225 - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Price action looks to be forming a bottom.
This is positive for sentiment and the uptrend has potential to return.
Weekly pivot is at 33118. Preferred trade is to buy on dips.
We look to Buy at 33181 (stop at 32981)
Our profit targets will be 33681 and 33781
Resistance: 33420 / 34015 / 34765
Support: 32960 / 32630 / 32305
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Nikkei at supportNikkei dropped a bit, likely with nasdaq chip selloff on waning consumer demand.
The nikkei boosted almost 7% from the date that china cut rates.
I'd be looking for the gap fills in either direction. Likely there will be a little fighting on market open Monday (Sunday for me) but it should be pretty easy to trade.
Bearish Butterfly Pattern Will Start at 30kthe detail is shown in the above Idea.
I made this Idea based on wedge Analysis and Harmonic pattern using Fibonacci tools.
Bearish Butterfly Pattern Will Start at 30k
and Nikkie Butterfly Needs correction before flying in Sky.
also butterfly wings make wedge pattern.