Nikkei 225
The yellow circled area is forming an Ending Diagonal.
Probability of a slow, time-consuming upward move is currently high.
However, once completed near the 56,618 target, there is a significant risk of a strong reversal lower.
Bias & Position
Bullish ⤴️
Invalidation Levels
- Below: 50,820
- Above: 59,381 (break invalidates the count)
#Nikkei225 #JAPAN225CFD #ElliottWave #EndingDiagonal
The yellow circled area is forming an Ending Diagonal.
Probability of a slow, time-consuming upward move is currently high.
However, once completed near the 56,618 target, there is a significant risk of a strong reversal lower.
Bias & Position
Bullish ⤴️
Invalidation Levels
- Below: 50,820
- Above: 59,381 (break invalidates the count)
#Nikkei225 #JAPAN225CFD #ElliottWave #EndingDiagonal
Note
Nikkei225▶ Buy signal lit up on the 4-hour chart since 05:00 on the 25th
Target: 56,618
Note
Nikkei225▶Took profit on my long around 10 AM today and flipped to short. Sold around the 54,100 level near Fib 0.386. Will keep the short position unless we break above yesterday’s high of 54,375.
Note
Nikkei225After reviewing today's moves in the US and Japanese indices,
the weekend ground war alert has been temporarily lifted.
Shorts remain sealed until a break below 52,349
(nearest monitoring point: 52,506)
If it does not break below 52,506 today,
offset both positions and switch to long-only.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.