Nikkei to bottom at 18,500 ? JPN225 bottom in sight?
Crazy week for the Yen, but the Japanese stock index held within range.
Crurently looks like a wave (4) in progress, looking for wave (5) to start.
The 5 wave impulse would complete leg C of the correction.
If it falls through the 18,500 zone, then it could be quick trip to next zone below.
If it does fall through the first support, I will analyze that move and post a new Idea.
Background:
I trade mostly Forex and Crypto, but I watch the stock indices for risk sentiment.
I started following the Nikkei in Octo 2018
Then tracked a temporary botttom. My support zone was off by one increment, but the resistance zone proved valid
As the bounce progressed, I could see a 5 wave impulse starting and got that about right
Some of the best long trades came on this plan
So now I am trying to plot a possible bottom
Crurently looks like a wave (4) in progress, looking for wave (5) to start.
The 5 wave impulse would complete leg C of the correction.
If it falls through the 18,500 zone, then it could be quick trip to next zone below.
If it does fall through the first support, I will analyze that move and post a new Idea.
Background:
I trade mostly Forex and Crypto, but I watch the stock indices for risk sentiment.
I started following the Nikkei in Octo 2018
Then tracked a temporary botttom. My support zone was off by one increment, but the resistance zone proved valid
As the bounce progressed, I could see a 5 wave impulse starting and got that about right
Some of the best long trades came on this plan
So now I am trying to plot a possible bottom
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.