Nikkei 225 Experiencing Further Downward Bias

NI225 is expected to re-test its distribution range low, which is also a previous support level at 20,400 level.

Supporting Claim for Downward Bias:
- Index Broke below its Uptrend Line (stride)
- Uptrend line has turned into resistance for index (Bearish)
- Experienced 2x Upthrust (Failure to maintain new high)

20,400 Level Objective based on:
- Previous support established in Mar 2018
- Fibo 1.618% projection

If Nikkei 225 Breaks Below 20,400 Level:
- Distribution Phase is deemed established and index will enter into MARK DOWN phase
- Next objective will be 19,000 level.

تعليق:

1st Objective 20,400 level reached. A break below current level will see index trading towards 19,000 level.

أغلقت الصفقة: تم الوصول للهدف:

2nd objective 19,000 reached.