JP225 trade ideas
NIKKEI Elliott Wave Analysis for Friday 27/10/2023In the higher time frame, the primary expectation is that wave (4) is not finished yet. The price action we are seeing after the WXY structure still looks corrective which makes us call for a triple three or WXYXZ structure. In the lower time frame, we have two equally valid scenarios. The wave Z has started and can unfold as either a WXY or ABC structure.
NIKKEI Elliott Wave Analysis for Thursday 26/10/2023In the higher time frame, the primary expectation is that wave (4) is not finished yet. The price action we are seeing after the WXY structure still looks corrective which makes us call for a triple three or WXYXZ structure. In the lower time frame, we have two equally valid scenarios. The way down as a wave Z could have been started. However, we favor the scenario where we first see upside to finish wave X, followed by the wave Z down.
NIKKEI Elliott Wave Analysis for Wednesday 25/10/2023In the higher time frame, the primary expectation is that wave (4) is not finished yet. The price action we are seeing after the WXY structure still looks corrective which makes us call for a triple three or WXYXZ structure. In the lower time frame, we have two equally valid scenarios. The way down as a wave Z could have been started. However, we favor the scenario where we first see upside to finish wave X, followed by the wave Z down.
NIKKEI Elliott Wave Analysis for Tuesday 24/10/2023In the higher time frame, the primary expectation is that wave (4) is not finished yet. The price action we are seeing after the WXY structure still looks corrective which makes us call for a triple three or WXYXZ structure. In the lower time frame, we have two equally valid scenarios. The way down as a wave Z could have been started. However, we favor the scenario where we first see upside to finish wave X, followed by the wave Z down.
Shift Bullish alright...
1.
Fundamentals point Bullish
- COT Data
- Seasonality
- GDP
- Inflation
- Labour Market / unemployment
- Interest Rates
2.
Price has been bearish for quite a while now
3.
Significant Value Area (VA)
4.
Some more bearish signs though with more absorption that pushed price below POC. Lets see if we get some signals from the CVD (delta) for short absorption and short profit taking.
#Nikkei buying opportunitHello, traders and friends. I hope you all doing well.
Let's delve into NIKKEI chart and explore why we believe there may be a potential Buying opportunity.
The three-wave bearish corrective nature of this downward leg, following a bullish impulsive wave we observed on the chart, suggests the possibility of another bullish move, potentially testing at least the upper boundary of our longer-term bearish trendline channel.
Supportive confluences that we have observed include the inner trendline, which has acted as both resistance and support multiple times, indicating traders' awareness of its significance. Additionally, the price has reached a static support line and a demand area from above, both of which serve as important support levels. Furthermore, the price retraced around 50% of the Fibonacci level of the last bullish move.
Additionally, we've observed the formation of a 4-hour bullish engulfing candle, which can be seen as a trigger for this potential buying setup.
If you have found this analysis helpful, please take a moment to leave a like and a comment or share your idea with me.
JPN225 (The Nikkei 225) - SELL (Bearish)I have a Bearish Stance on the JPN225 (The Nikkei 225)...BUT price MUST BREAK Previous Day's LOW First! No Break, No Trade.
- Previous Week's High and Current Week's Low Range Used to Plot the FIBO.
- Previous Day LOW Broken - indicating lower price ( or it might be a false break... )
- Retracement to Congestion Area (Purplish Area) Prior to the Breakout of price that took out the Previous Day's LOW
- 1:2+ RR
- TP is Previous Congestion Area (Purplish Area) + Previous Week's Open (Yellow Line)
- TP FIBO 127% and/or 168%
Use at own risk...Am a rookie!
NIKKEI Elliott Wave Analysis for Friday 20/10/2023 (+ Higher TF)In the higher time frame, the primary expectation is that wave (4) is not finished yet. The price action we are seeing after the WXY structure still looks corrective which makes us call for a triple three or WXYXZ structure. In the lower time frame, we have two equally valid scenarios. The way down as a wave Z could have been started. However, we favor the scenario where we first see upside to finish wave X, followed by the wave Z down.
NIKKEI Elliott Wave Analysis for Thursday 19/10/2023The impulsive structure up in the lower time frame is not coming. Instead, we have corrective price action. We believe wave (4) is not finished yet and we can see some additional corrective moves.
Nikkei225/J225
Over the past year the Nikkei 225 has had growth that brought new market highs before settling into a clearly defined sideways move.
A previous breakdown of the support area was brief before moving back into the defined channel. The second breakdown dropped to the previous market high before rebounding and then rebounding off of the support level potentially turning it into resistance.
If the price rebounds of the level a second time it will be a good confirmation and an entry for a short.
The price may find the previous high as a support level again, but if it breaks this it could be more fuel for the conversations at the moment by a number of analysts of an impending recession.
This is my own opinion and your own research may be contradictory.
NIKKEI Elliott Wave Analysis for Wednesday 18/10/2023The impulsive structure up in the lower time frame is not coming. Instead, we have corrective price action. We believe wave (4) is not finished yet and we can see some additional corrective moves.
NIKKEI Elliott Wave Analysis for Tuesday 17/10/2023In the higher time frame, the primary expectation is that wave (4) has finished after a WXY correction. We had a strong reaction from the reversal areas. However, in the lower time frame, we are missing one more swing up to identify an impulse and the potential start of wave (5). If we do not get the additional swing up, we might still have further corrective price action as a wave (4).
Fair value - POC
So all underlying fundamental factors point to a Bullish direction
- COT data
- Retail sentiment
- Seasonality
- GDP
- Inflation
- Labour Market / unemployment
- Interest Rates
Cumulative volume delta actually warned me beforehand like I marked with rectangles
Missed that, Hopefully this POC will hold so we can ride the uptrend a bit longer
RN buyers are clearly in control, in this price swing I would re-trade a couple times if the continuation would start a bit later.
If not I will quit trading for ever,
Naaaaat
NIKKEI Elliott Wave Analysis for Monday 16/10/2023 (+ Higher TF)In the higher time frame, the primary expectation is that wave (4) has finished after a WXY correction. We had a strong reaction from the reversal areas. However, in the lower time frame, we are missing one more swing up to identify an impulse and the potential start of wave (5). If we do not get the additional swing up, we might still have further corrective price action as a wave (4).
Breakout Retracement Continuation in NikkeiThe weekly chart of Japanese stock market index Nikkei 225 is exhibiting possible breakout, retracement continuation at old resistance turned support zone.
Will this be the decisive move the Japanese stock market bulls are looking for?
IS THE JP225 ON ITS WAY TO THE 33600As indicated in the chart, it is evident that we are currently experiencing a robust uptrend. However, there has been a recent corrective phase in the price action that presents an intriguing opportunity. I'd like to share my perspective, especially as an educational channel.
The JP225 has been on an upward trajectory for quite some time, and if you observe the 1-day chart, you'll notice a recent period of sideways movement with precise touches at the chart's boundaries. Initially, there was an attempt to create an upward spring that proved unsuccessful, but over the past couple of weeks, a clear false breakdown in the downtrend has emerged.
It's important to note that this analysis is not intended as trading advice. Here are the details of the setup:
Entry Price: 31,540
Stop Loss (SL): 31,000
Take Profit 1 (TP1): 32,160
Take Profit 2 (TP2): 33,317
we are alreay 200 pips in profit the old post got removed
JP225 ShortHere we see the Japanese index brake structure to the downside after its bull run. After breaking previous structure the market has left a clear order block behind. here i am shorting the pair to the recent low which cause the order block.
Nikkei has turned positive.NIK225 - 24h expiry
Previous resistance level of 31399 broken.
The current move higher is expected to continue.
We are trading at overbought extremes.
Short term bias has turned positive.
Preferred trade is to buy on dips.
We look to Buy at 31405 (stop at 31145)
Our profit targets will be 32055 and 32185
Resistance: 32170 / 32450 / 32780
Support: 31765 / 31250 / 30600
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
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Sideway Corrective Is Done ! Wait For confirmedGreetings, dear friends. I hope you are having a productive week.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
It's important to understand that making an error in analysis is not a fault, but evading responsibility is.
No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
Thank you for your continued support, and I look forward to our mutual success.
Best regards,
Mr. Nobody
Keep trying and never give up.
Good luck!
JP225USDsell side liquidity sweep and the market had positive sentiments, if our support level 30560.00 is respect it would expect a clear retest at the all time high
NIKKEI Elliott Wave Analysis for Tuesday 10/10/2023The primary expectation is that wave (4) has finished after a WXY correction. We are in the areas from where we can reverse. We are looking at two scenarios on the lower timeframe. The first scenario identifies a complete structure. In the second scenario, two more swings are missing. A failure of both scenarios on the lower timeframe is an indication of a bearish scenario in the higher timeframe
Nikkei 225 buy trade the Nikkei 225 index seems to have a bullish bias in the short term, as it has recently broken above a resistance level at around 30,000 points and is approaching its 200-day moving average at around 31,000 points. The index has also formed a bullish inverted head-and-shoulders pattern on the four-hour time frame, which suggests a potential upside target of around 31,600 points. The index is supported by a positive momentum indicator (MACD) and a rising trend line that connects the higher lows since August.
