Nikkei General Matrix

ที่อัปเดต:
Arrows above or below the daily candles point the direction of a position taken at the close of the previous daily candle. Dots represent the trailing stop loss positioned above the highs or below the lows of bigger candles.

We use the marked levels and the time stamps, or the price action around the shapes, to look for potential support and resistance levels, rebounds, candlestick shadows that might be left behind by the future direction of the price.

A bullish candle can be the beginning of a bull move and the other way around for a bear candle. Not all candles are good signals and picking the right candles can be very tough, as some of them might end in stop losses without profits. Being in the right direction in the bigger moves which lead to trailing stop losses that close with profits can cover those losses and hedging positions in case of market indecision and consolidation can also be profitable, in case the market rallies after that consolidation: in this case, one position closes with a loss or break even (depending on the managing of the position), but another might position the trader on a power wave that leads to bigger profits.

Such approaches can lead to nothing in stagnating markets and choppy waters. Higher volatility and a powerful momentum and trend, provides the opportunity for the bigger profits to be collected; but picking the right candles can also lead to interesting results, even when the moves are not that big.
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Levels
สแนปชอต
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Bounce a the lower level. Back at 33116.1
สแนปชอต
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I had a short on this one because of my other idea on Nikkei on the 4h chart "No strings attached". I never got to mark the daily candlestick on this one next to the yellow ellipse. Price now back at the white line with a little bit of a rebound. Don't know if it holds.
สแนปชอต
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The green vertical time stamp was pointless unless it coincidentally points out the top of the closing price line bullish wave. Unless it's just a coincidence, next time stamps could be interesting.
สแนปชอต
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Decent rebound at the white line. Don't know if this is bullish enough. Will we see another test of it? Or will the price continue sideways, avoid the green ellipse like it did with the yellow and then test the white as a resistance on top?

This could be just a stretch of the imagination, but the drawings should provide some milestones in our journey.

สแนปชอต
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Although the day is not over, we have a potential interesting bullish daily candle right at the green ellipse. Could be a pivot point.
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A nice pivot point even if short term or temporary. The price continued the bullish momentum after that bounce from the green ellipse. Trailing stop moved below the low of the long green candle. Will be having an eye on potential big bearish candles on the 4h chart to anticipate a reversal and maybe secure the position at break even.
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The bearish candle for today makes for a good exit or securing the position at break even. There was also a big bearish candle on the 4h chart as mentioned in yesterday's update.
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Bounced from the marked level of 32173 and a longer bearish candle for today. Potential pivot point.
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The price closed above he marked price level with a red line at 33116, but there are two candlestick shadows above and there is a long bearish engulfing for today at the edge of the vertical rectangle. This could be a reversal signal.
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The price dropped between the two marked price levels of 33116 and 32442 hitting the white dot on the way (low probability of happening considering this matrix was designed more than a month ago).

The green candle for today could signal a potential pivot point that will bring further upwards movement in the following days.
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Intriguing bearish candle with a shadow pointing up after that bull rally. Could be a sign of bearish momentum unless the bulls come back to play with a green candle.
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Not enough bearish momentum today. Bulls got back in it.
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Seems like the marked date of 33116 is acting as support for now. The Friday marked day could be interesting. It is also where the white line stops, which acted as support and delivered 2 bounces/pivot points in this matrix.
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A very big drop on the day the white line path dropped. Nice coincidence.
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Bounce from the marked price level of 32442. This candle looks good for a potential pivot point. Similar pattern happened on 18 and 25 august but this time it is after a long bearish candle and some big news from central banks.
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Pivot point from previous comment confirmed.
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Near the zig zag pattern line. This should be interesting...
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I mentioned the potential of having some interesting price action near the zig zag and low and behold, we have a candlestick shadow on what looks to be a hammer. Day not over yet though, still some hours left in this burning candle.
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After a zig zag bounce between 31667 and 62476 the price finally broke down with a big bearish candle leaving a shadow behind, right at the time stamp of the thumbs down icon.
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Candlestick shadow at the corner of the orange polygon and a potential dragonfly doji or hammer, but the day is not over.
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Previous day ended as a Dragonfly Doji and was followed by a decent bull run with a candlestick shadow at the lower edge of the blue rectangle.
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A little bit of support at the ellipse with a candlestick shadow with resistance on top from the rectangle and the marked price level. More sideways action or will this gain momentum somehow?
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A decent bearish engulfing with 2 candlestick shadows trailing on the upside at the red marked price level that acted as support before (at the white dot), and now as resistance. Potential pivot point.
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Filtering through the noise...
สแนปชอต
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Interesting rebound and a candlestick shadow at the lower edge of the rectangle.
สแนปชอต
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Rebound from the marked price level 31483.
สแนปชอต
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Another bounce at the lower edge of the rectangle.
สแนปชอต
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Confirmed pivot point at the lower edge of the rectangle.
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Good bull run after that support found in the rectangle. After a retracement, 3 candlestick shadows in a "cup" for a potential continuation, but in a delicate position regarding the measurements of the impulse wave and correction in distance and time. Smiley face icon close, but I don't believe it will be hit. It would be too much, as this project was created on 22 July and it would be too much of a coincidence. Surely time exists, and causality is real, and this project was not born with the information extracted from a black hole where time doesn't exist and our future is already a script written somewhere outside the matrix, which lives in multiple computational organisms as an experiment for the purpose of experience. :) If time doesn't exist and the matrix is an experiment the only possible thing left on the table is the change in quality of the perception of the experience, or the experience itself. You might still make the same choices further down the road in living in the Matrix, but your awareness of them might change. Upgrades for the little critters that are dreaming our Universe. :|
สแนปชอต
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Two candlestick shadows on the up and a potential bearish candle for today which could qualify as a potential reversal or pivot point signal. Will this eventually hit the Icon?
สแนปชอต
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Second white dot Hit in this Project. Randomness born from the quantum field of infinite potentials.
สแนปชอต
Beyond Technical AnalysisCandlestick AnalysisSupport and Resistance

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