Japan all set to drop!?Nikkei looks like a finished 5 waves structure with wave 1=5. Expecting trend to change soon.
NI225 trade ideas
JPY225 - short play from Buying Climax key leveltokyo stock market ripped higher after the election into a buying climax (BC) on the 10 NOV.
after that a sharp automatic reaction (AR) set up the trading range.
from that low on the 10th NOV market rally to upthrust though the BC key level at 25865
Now price is below that level and retesing the underside of resistance.
Possible that a move down into 24800 will be followed by a bounce.
the character of that bounce will likely be telling for move to new highs or further downside.
for the moment have placed stops at 26080 short targeting the lows 24800.
steady as she goes.
JAPAN 225 BULL FLAGReally simple bull flag set up, also for my followers you will notice the rvi bullish cross. look to trade the continuation pattern on the pullback or stop loss as placed. We may see some yen depreciation on oil strength as the catalyst for this move, look out for news events also.
JAPAN225 Bullish FlagBullish flag and the price will test previous high
Prefer BUY
JUST FOR IDEAS!!
DISCLAIMER!!
This is for general information purposes only. It is not investment advice or an inducement to trade.
NIKKEI225 LONG; Best of the G10, long term.Currently the best outlook of the developed markets.
- As opposed to the DAX and US Equities, the former being an absolute dog, the later under a mass delusion price wise.
The DAX
E.g. If one must be long Equities, the proper spread would be LONG NIKKEI, CAC, SHORT Dow, DAX.
This spread has an annual 8%-10% advantage, including FX differentials, over any other G10 Equity Long!
Nikkei over extendedWhat a rip on Nikkei. Very over extended and what looks to be a double top on 4hr. Looking for reversal
Nikkei Big Picture Analysis and OutlookTaking a look at Nikkei 225 big picture chart as it made a multiyear high this week, and looking at potential entry points.
