The course has touched 5 times the restance at 22980 points. This is a negative signal!
The course is now expected to fall down until the lower line of the ascending triangle.
Will it be strong enough to stop the downtrend or will the fall continue?
In total the course of NIKKEI is in a positive trend channel (green) and even if it falls under the lower line, this would not end the positive trend in general.
Indicators (dayly candles):
RSI: falling
MACD: triggered (to negative) and falling
ADX: below 20 - terrain with negative or no trend; low momentum
-D and +D are near: negative trend or no trend (neither bullish nor bearish)
= TA + indicators signalling a negative trend
The course is now expected to fall down until the lower line of the ascending triangle.
Will it be strong enough to stop the downtrend or will the fall continue?
In total the course of NIKKEI is in a positive trend channel (green) and even if it falls under the lower line, this would not end the positive trend in general.
Indicators (dayly candles):
RSI: falling
MACD: triggered (to negative) and falling
ADX: below 20 - terrain with negative or no trend; low momentum
-D and +D are near: negative trend or no trend (neither bullish nor bearish)
= TA + indicators signalling a negative trend
ความคิดเห็น:
NIKKEI broke through resistance! Therefore the analysis above is shown wrong. Neither TA nor indicators could predict this surprising upwards move. Where does the momentum has come from? Got ideas?
ความคิดเห็น:
The course could now continue its rise til the upper limit of the ascending trend channel.
การซื้อขายยังคงดำเนินอยู่:
The NIKKEI has broken out of the ascending triangle to the top.
next aim is the upper limit of the long positive trend channel at 24.500 Points
next aim is the upper limit of the long positive trend channel at 24.500 Points
ความคิดเห็น:
ความคิดเห็น:
New trend channel adjusted.
NIKKEI 225 has fallen from upper limit to lower limit of trend channel.
orange: swing trend lines = support lines / resistance
RSI: oversold
Trend channel limit has stopped the drop so the actual trend is still active. Indicators are signalling oversold situation.
When RSI has been as deep as today it has been a good buy opportunity!
NIKKEI 225 has fallen from upper limit to lower limit of trend channel.
orange: swing trend lines = support lines / resistance
RSI: oversold
Trend channel limit has stopped the drop so the actual trend is still active. Indicators are signalling oversold situation.
When RSI has been as deep as today it has been a good buy opportunity!