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ThinkingAntsOk

"Top and Bottom Analysis" NIKKEI 225 by ThinkingAntsOk

Short
NIKKEI 225 (TVC:NI225)  
ThinkingAntsOk  
TVC:NI225   NIKKEI 225
Trend Analysis Multiple Time Frame Analysis Support and Resistance Nikkei 225 CFD Nikkei 225 JPN225 CFD JPN index nikkeitrade nikkei225trade
4
0
trendanalysis mtfa supportandresistance ni225 jpn225 jpn index nikkeitrade nikkei225trade
4H CHART EXPLANATION:

Main Items we Observe on the Chart:

-Price has broken the ascending trendline
-Currently, price is on a support zone
-We will wait for a corrective structure on the support zone before taking any trade

Based on this if the price breaks down with a close candlestick below 20718.0 we expect a continuation of the downward movement towards 19964.0


MULTI TIMEFRAME VISION:

-Weekly :
snapshot

-Daily:
snapshot
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