Nikkei Approaching Support, Potential Bounce!

١٨ ديسمبر ٢٠١٨

Nikkei is approaching our first support level at 20783 (61.8% & 100% Fibonacci extension, Horizontal swing low support) where a strong bounce might occur above this level pushing price up to our major resistance at 21783 (horizontal swing high resistance, 61.8% & 100% Fibonacci extension, 23.6% & 50% fibonacci retracement).

Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.