"Top and Bottom Analysis" NIKKEI 225 by ThinkingAntsOk
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 :
-Daily:
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 :
-Daily:
Disclaimer
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