Indice Japan 225Short
Looking to short the market
By short the market, I mean to short the S&P500 and the Nikkei (JPN225).
Reasons for shorting these markets is alignment and the extreme overbought state it is in at the moment. This is not a bear market prediction, simply using the end of the December bull seasonality factor with alignment of the markets.
SP500 Short confluences:
All time high
Duplicate Trendline 2nd touch
Round number 4800
Nikkei Confluences:
All time high
Round number 34000
Using breach of first high to take the last high at the round number. I am also choosing this high as the HL formed makes the first high less likely to work therefore, because I want higher probability, I will take the high above.
Catch you later traders ▲
Reasons for shorting these markets is alignment and the extreme overbought state it is in at the moment. This is not a bear market prediction, simply using the end of the December bull seasonality factor with alignment of the markets.
SP500 Short confluences:
All time high
Duplicate Trendline 2nd touch
Round number 4800
Nikkei Confluences:
All time high
Round number 34000
Using breach of first high to take the last high at the round number. I am also choosing this high as the HL formed makes the first high less likely to work therefore, because I want higher probability, I will take the high above.
Catch you later traders ▲
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.