NIKKEI 225 Falls Hard! Short Trade Hits All Targets
The Nikkei 225 has displayed strong bearish momentum after the short entry at 39921.50, with the price moving through multiple profit targets.
Key Levels
Trend Analysis
The price is firmly below the Risological Dotted trendline, affirming the strength of the bearish trend. The continuous downward movement highlights strong selling momentum, suggesting that bears remain in control.
The short trade on the Nikkei 225 has progressed well, with all targets reached. The final target at 38740.36 underscores a strong decline, supported by the Risological Dotted trendline and consistent selling pressure.
Key Levels
- Entry: 39921.50 – The short position was initiated as the price broke below this level, confirming bearish pressure.
- Stop-Loss (SL): 40104.00 – Positioned above recent resistance to safeguard against potential reversals.
- Take Profit 1 (TP1): 39695.93 – The first target was reached, confirming the initial strength of the downtrend.
- Take Profit 2 (TP2): 39330.93 – Further selling pressure led to this level being hit.
- Take Profit 3 (TP3): 38965.93 – The downward trend continued, achieving this target.
- Take Profit 4 (TP4): 38740.36 – The ultimate target, indicating a significant bearish move.
Trend Analysis
The price is firmly below the Risological Dotted trendline, affirming the strength of the bearish trend. The continuous downward movement highlights strong selling momentum, suggesting that bears remain in control.
The short trade on the Nikkei 225 has progressed well, with all targets reached. The final target at 38740.36 underscores a strong decline, supported by the Risological Dotted trendline and consistent selling pressure.
- Indicator used on my charts> Risological.com
- Accurate Entry, Stoploss and Take Profit levels on all charts
- NO Repaint!
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- Detect and avoid Sideways Market
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- Accurate Entry, Stoploss and Take Profit levels on all charts
- NO Repaint!
- Consistent profits
- Detect and avoid Sideways Market
- Works on all markets and all time frames.
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