JPN225 Nikkei

٢٢ يوليو ٢٠١٦

Based on what I am taught, every time RSI hits 80 and above there should be a new high after retrace. There are 3 possible peaks in this picture, the lowest has already been breached. leaving the other 2. Same case as usual if there is a MACD gold cross in the future for this chart, I will be very careful. This is a monthly chart for study purpose; not trading.

How this pans out we will have to be patient. Each candle is a month so sit back and relax.