NI225 trade ideas
QM and Dip-Down confluenceThe Asian markets tracked the US equity markets into negative territory. The Middle East conflict continued to weigh on market risk appetite. Fears of a wider regional conflict impacted the US equity markets on Friday.
A pullback in 10-year US Treasury yields failed to calm the markets, with yields remaining elevated by historical standards.
On Friday, the Dow fell by 0.86%, with the Nasdaq Composite Index and S&P 500 seeing losses of 1.53% and 1.26%. The losses set the tone for the Monday session.
There were no Asian region economic indicators to distract investors from the Middle East conflict. Another spike in 10-year US Treasury yields added to the market gloom.
Take-off Nikkie and Yen Together to Skythe detail is shown in the above chart.
I made this Idea based on Candlestick Analysis and Fibonacci Tool .
buyers are burned in rectangle (0.5- 0.618 golden level retracement)
therefore ,we can expect that JP index decreases step by step to 1.27 and 1.618 .
Yen Is ready for Take-Off based on this published Idea
Bullish Crab Harmonic Pattern Will start at 29.5k.
Japan Is Best.
Good Luck
🚩 Red Flags in Trading Indicators: Will Nikkei's Rally Withstan📈 This week's glimpse? A peek at a higher low forming in Weekly. And, daily charts show the market's 🚂 losing steam against the trendline wall.
🕓 The 4-hour RSI reads 'tired,' hinting at a need for a market breather. And the 1-hour MACD? It’s leaning 🐻 bearish, suggesting a heads-up for a possible downtick.
🇯🇵 Meanwhile, the Nikkei is playing strongman 💪 compared to others. Will it keep up the solo act, or is it heading for a sync with the market's mood?
Selling NIKKEI on a Double TopStock have been bullish for the past 10 days and many folks are expect the bull rally to continue. We follow the charts and this is what it says:
1) NIKKEI is overbought on H4 and have created a double top with divergence.
2) There is a big pattern to sell which is being retested.
3) A smaller shark pattern has appeared
4) We will sell with the stop loss above 32800.
The target is a big drop which means stocks will need to go down at the end of this week or early next week.
Nikkei 225 bull flag on the weeklyNikkei 225 has been one of the hottest markets this year.
Couple of reasons - Japan ultra low monetary policy in the face of rising inflation. Its similar to Fed policy before they started to raise rates. Banks are used to negative rates so we will not see a similar increase to US but a gradual one. When is for the BOJ to decide but first they need to get rid of YCC.
Till those forces come to play, this bull flag break is targeting all time highs around 39k.
Once the break takes place, I expect a bullet train towards 39k.
NIKKEI Elliott Wave Analysis for Thurday 09/11/2023In the higher time frame, the primary expectation is that wave (4) is not finished yet. The price action we are seeing after the WXY structure still looks corrective which makes us call for a triple three or WXYXZ structure. In the lower time frame, it looks like we are finishing wave X as an expanded flat.
NIKKEI Elliott Wave Analysis for Tuesday 07/11/2023 (+Higher TF)In the higher time frame, the primary expectation is that wave (4) is not finished yet. The price action we are seeing after the WXY structure still looks corrective which makes us call for a triple three or WXYXZ structure. In the lower time frame, it looks like we are finishing wave X as an expanded flat.
One Wave Upside Before DropGreetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
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!
Bear market, you may be careful (Next idea)Greetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
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 - Bearish Gartley- Sentiment was improved last week, although I don't think it will last
- Price completed the D1 Bearish Gartley combined with 1:1 and is now at the in the resistance Zone @ 33770
- Bond yields will probably not go up, so they are good alternative for stocks
NIKKEI Elliott Wave Analysis for Friday 03/11/2023In the higher time frame, the primary expectation is that wave (4) is not finished yet. The price action we are seeing after the WXY structure still looks corrective which makes us call for a triple three or WXYXZ structure. In the lower time frame, it looks like the wave Z is unfolding as an ABC structure. We are currently finishing wave B as an expanded flat
NIKKEI Elliott Wave Analysis for Thursday 02/11/2023In the higher time frame, the primary expectation is that wave (4) is not finished yet. The price action we are seeing after the WXY structure still looks corrective which makes us call for a triple three or WXYXZ structure. In the lower time frame, it looks like the wave Z is unfolding as an ABC structure. We are currently finishing wave B as an expanded flat.
Bullish on JapanNikkei index looking much better than the SP500.
25-30 years of unwinding from the 1990's bubble in Japan.
Price structure has changed to bullish.
Seeking range highs, then cautious with the whole world economy as SPX falls.
NIKKEI Elliott Wave Analysis for Wednesday 01/11/2023In the higher time frame, the primary expectation is that wave (4) is not finished yet. The price action we are seeing after the WXY structure still looks corrective which makes us call for a triple three or WXYXZ structure. In the lower time frame, it looks like the wave Z is unfolding as an ABC structure.
A clear signal to sell NIKKEIThe JPN225 is still in a downtrend as per the Daily Trend line.
This trend line is now providing resistance for this pair from rising.
There is also a pattern to sell this pair on a smaller timeframe.
The stop loss is above the previous high of 31450.
Target will be around 30500 which will be awesome risk to reward.
NIKKEI Elliott Wave Analysis for Tuesday 31/10/2023In the higher time frame, the primary expectation is that wave (4) is not finished yet. The price action we are seeing after the WXY structure still looks corrective which makes us call for a triple three or WXYXZ structure. In the lower time frame, we have two equally valid scenarios. The wave Z has started and can unfold as either a WXY or ABC structure.
Long Term Uptrend Broken - Sell Off?Looks like the long-term uptrend since the new year is broken in Nikkei. Yet, I will wait for weekly for the final confirmation. YCC is on watch. But, I don't think that affects Nikkei's outcome. No matter it's no change change, or an increase in yield, Nikkei will fall. The falling speed is the only thing different. But, I do think if YCC is tweaked, the Yen might find some strength in the short term.
Strategy: A USDJPY long + JPN225 Short. If they increase interest rate, JPN225 outshines the JPY appreciation. If they don't, JPY would 100% collapse and the long term could be pushing to 160 range, thus doesn't matter.
J225 Upside believer!! "MAYBE"the trend on the NIKKEI has been up on the larger timeframes which makes me a bull still even though the smaller timeframes say otherwise.
I am expecting the WEEKLY support to hold and potentially break the first trendline, and target the second one for a potential rejection to where the higher timeframe UPTREND and the SUPPORT meet. which will make me for an ENTRY!
NIKKEI Elliott Wave Analysis for Monday 30/10/2023 (+ Higher TF)In the higher time frame, the primary expectation is that wave (4) is not finished yet. The price action we are seeing after the WXY structure still looks corrective which makes us call for a triple three or WXYXZ structure. In the lower time frame, we have two equally valid scenarios. The wave Z has started and can unfold as either a WXY or ABC structure.
NIKKEI Elliott Wave Analysis for Friday 27/10/2023In the higher time frame, the primary expectation is that wave (4) is not finished yet. The price action we are seeing after the WXY structure still looks corrective which makes us call for a triple three or WXYXZ structure. In the lower time frame, we have two equally valid scenarios. The wave Z has started and can unfold as either a WXY or ABC structure.
NIKKEI Elliott Wave Analysis for Thursday 26/10/2023In the higher time frame, the primary expectation is that wave (4) is not finished yet. The price action we are seeing after the WXY structure still looks corrective which makes us call for a triple three or WXYXZ structure. In the lower time frame, we have two equally valid scenarios. The way down as a wave Z could have been started. However, we favor the scenario where we first see upside to finish wave X, followed by the wave Z down.
