Japan Nikkei 225 Experiencing Further Downward Bias


Nikkei 225 Index is expected to re-test its distribution range low at 20,400 level. The level is also a previous support 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). This potentially means that smart money is distributing at premium levels as "Breakout" traders buy in strength.

 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. 

 Having a Wyckoff Price Cycle concept in mind helps traders see the market from a structured prospective. 

 Join us in our Upcoming Class in conjunction with SGX Academy, to learn the Richard Wyckoff principles, analysing and trading in harmony with the markets and smart money.

Popular posts from this blog

MIT: Expecting Change of Momentum after Existing Downtrend Line

Image
  MIT: Expecting Change of Momentum after Existing Downtrend Line What are we expecting? Mapletree Industrial Trust ( ME8U ) broke its key downtrend line on 18 Mar 21, technically signaling positive trend change. Similar to Apr 2020 move. Momentum Indicator, MACD (bottom of the chart) is displaying a upward sloping momentum which is supportive of the technical move. Who should be concerned? Investors:  Consider increasing allocation into ME8U under income portfolio, with current indicative yield of 4.50%. Traders: Taking Long positions  with 1st target price at S$2.95, next at S$3.30.Stop Loss below S$2.50. *Disclaimers apply
Read more

Keppel DC REIT, Are We There Yet?

Image
  Keppel DC REIT, Are We There Yet? Analysis Forecast: Potential Support Level Analysis is for: SG Market Position Trading Income Portfolio Supporting Technical  Observations : 1. Price resting near Fibo 50% Retracement 2. Fund Flow Index (FFI), positive divergence To follow up on post  TradingView Blog Disclaimers Apply
Read more

Expecting Further Upside for Tencent (700:HK)

Image
 Expecting Further Upside for Tencent (700:HK) Expecting further upside after Tencent leaves Re-accumulation Phase (Trading Range) possibility entering in Mark Up Phase. Over the Re-accumulation range, stock showed the transition from supply dominated action to weakening of supply to demand dominated action. Stock is trading relatively stronger than the broad market ( RS above zero), indicating strength in demand for the stock. Price trading below $550 level will falsify the Mark Up Phase analysis and stock will reenter trading range. Disclaimers apply
Read more