Nikkei225 Trading The Bullish SequenceIn this update we review the recent price action in the Nikkei (futures contract( and identify the next high probability trading opportunities and price objectives to target.
NK225M1! trade ideas
Elliott Wave View: Nikkei (NKD) Looking to End 5 Waves ImpulseRally in Nikkei Futures (NKD) from March 8, 2022 low (24510) is in progress as a 5 waves impulse Elliott Wave structure. Up from March 8 low, wave 1 ended at 25580 and pullback in wave 2 ended at 24790. Wave 3 has ended at 27910 with internal subdivision as a 5 waves in lesser degree. Up from wave 2, wave ((i)) ended at 25570 and wave ((ii)) pullback ended at 24895. Index then resumes higher in wave ((iii)) towards 27190 and dips in wave ((iv)) ended at 27120. Final leg higher wave ((v)) ended at 27190 which also completes wave 3.
Pullback in wave 4 has ended at 27400. Near term, while pivot at 24914 low stays intact, expect Index to extend higher in 5 waves to end wave 5. This will complete wave (1) in higher degree and end cycle from March 8 low. Afterwards, it should pullback in wave (2) in larger degree 3 waves to correct cycle from March 8 low before the rally resumes. As far as pivot at March 8 low (24510) stays intact, wave (2) pullback should find support in the sequence of 3, 7, or 11 swing for further upside.
Nikkei225 Wave Sequence TradeIn this update we review the recent price action in the Nikkei225 (futures contract) and identify the next high probability trade location and price objectives to target.
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NIKKEI 225 - TARGET 19000Bull trend resuming after Nov14 - Feb15 consolidation. Terget is around 19000 by end of Feb2015.
Elliott Wave View: Nikkei (NKD) Searching for SupportNikkei Futures (NKD) is presently at the 100% – 161.8% Fibonacci extension from February 16, 2021 high and the Index is searching for support. Short Term view suggests that the decline from November 16, 2021 high is unfolding as a 5 waves impulse structure. Down from November 16, 2021 high, wave 1 ended at 27390 and rally in wave 2 ended at 29420. The Index then resumed lower in wave 3 towards 26050 and wave 4 bounce ended at 27897. Wave 5 is now in progress with internal subdivision as another impulse in lesser degree.
Down from wave 4, wave (i) ended at 26845 and rally in wave (ii) ended at 27555. Index then resumed lower in wave (iii) towards 26550 and rally in wave (iv) ended at 27025. Index is expected to complete wave (v) soon and this should complete wave ((i)) in higher degree. Afterwards, Index should rally in wave ((ii)) to correct cycle from February 10, 2022 high before the decline resumes. Near term, as far as pivot at 27897 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside. Potential target for wave 5 lower is 123.6 – 161.8% external retracement of wave 4 at 24905 – 25615 area.
Nikkei225 Channel BreakIn this update we review the recent price action in the Nikkei225 futures contract and we identify the next high probability trading opportunity and price objectives to target.
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JP225-MAR22 (4H) Bearish breakoutHi Traders
JP225-MAR22 (4H Timeframe)
The market is in a downtrend and we are waiting for an entry signal to go SHORT below the 27090 support level. Only the upward break of 27690 would cancel the bearish scenario.
Trade details
Entry: 27090
Stop loss: 27690
Take profit 1: 26775
Take profit 2: 26205
Take profit 3: 25325
Score: 9
Strategy: Bearish breakout
Trading Range on Nikkei 225 Dollar FuturesWe are in Trading Range on the Nikkei 225 Dollar Futures .
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Trading Futures ,Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Nikkei broke out yesterdayI cannot get as clean of lines in TV as I did in yahoo for this index.
i.imgur.com
I said yesterday it broke out, as it was just over recent downwards trend. (as you can see in the yahoo chart's screenshot, attached is my statement below)
i.imgur.com
This morning it touched the top of the longer term downwards trend.
29200 was my target, but looking at this TV I see 30130 should be possible.
Further included in Black Rock x Trade Central's bulls of the week was "iShares MSCI Japan ETF (EWJ:NYSE)"
i.imgur.com
So it is likely Japan will go to the new 30k target if not break out to ATH.
Nifty -bears Inclined or importedAll the four charts are interesting to see, a) Nikki - broke the triangle as well as the 21 DMA b) FTSE, broke follow through and then failed closer to 21 DMA c) Dax had volatile week and just about to break the Triangle d) our own nifty in triangle 21 DMA is very far off. Clues suggest a) all moves are synchronised in that sense all looking south. b) we are different and each one carves its own path (most unlikely). Again August historically more volatile hence caution is needed. Brace for volatility inclined to be on short side, at best topping out pattern.
Elliott Wave View: Nikkei (NKD) Rally Likely to FailElliott Wave structure of Nikkei (NKD) shows incomplete sequence from February 16, 2021 high as well as from June 15, 2021 high suggesting further downside is likely. From June 15 peak, the Index shows a 5 swing sequence which is an incomplete sequence that needs further downside. The decline from June 15 is unfolding as a double three Elliott Wave structure. Down from June 15, wave W ended at 27510 and rally in wave X ended at 28860. Internal subdivision of wave X unfolded as an Expanded Flat where wave ((a)) ended at 27875, wave ((b)) ended at 27415, and wave ((c)) ended at 28860.
The Index has resumed lower in wave Y as a zigzag Elliott Wave structure. Down from wave X, wave (i) ended at 28495, and rally in wave (ii) ended at 28700. The Index resumes lower in wave (iii) towards 27850 and bounce in wave (iv) ended at 28200. Final leg lower wave (v) ended at 27080 which should complete wave ((a)) in higher degree. Bounce in wave ((b)) is in progress to correct cycle from July 13 peak before the decline resumes. Near term, as far as July 13 pivot high at 28854 stays intact in the first degree, expect rally to fail in 3, 7, or 11 swing for more downside.
Easier option than NASDAQ.?Easier option than NASDAQ.?
only 2 scenario which is angry bull coming
1.push one way to the resistance trendline then lets see what happend in that area,if its rejected and make some good reversal pattern i would say its going to challange the support trendline again,if its break through the next target is 30725 area
2.bit pullback to pick up some strenght in area 27890,then bull will coming with taget at resistance trendline,after target reached then its has same analysis as scenario 1
the summary is we are in bull phase for next 30-60 day,based on last 30 year seasonality data JUNE,JULY,AUGUST is bull season as JULY is the peak
Nikkei: Contrarian LongAt first glance, I was excited that the Nikkei futures were forming a 3 hump pattern similar to the one formed in February 2020 before the big dump.
then, I started noticing difference in volume / flow (CMF). Back then, the bearish divergence was quite clear, and now it's not all that clear. In fact, that sudden CMF increase looks a bit like bullish divergence similar to what we saw on the Nasdaq a few weeks ago.
Targeting a long from the 28000 area. If we don't get that low, I probably won't enter the trade.
