The NIKKEI 225 Japan Index (JPN225) 4h Diagram Technical Analysis Training shows the following:
The JPN225 index has made a reaction from 15350 towards to Kijun Sen/EMA 200 and it breached them both.
So the first think in mind is that JPN225 is approaching KUMO with this V reaction.
We have no special candlestick pattern. MACD is bullish and RSI = 50 looking higher.
There is no special diagram pattern except this V reaction.
So we are bullish for KUMO first. Stop loss if it stabilizes (4h close) under EMA 200.
The JPN225 index has made a reaction from 15350 towards to Kijun Sen/EMA 200 and it breached them both.
So the first think in mind is that JPN225 is approaching KUMO with this V reaction.
We have no special candlestick pattern. MACD is bullish and RSI = 50 looking higher.
There is no special diagram pattern except this V reaction.
So we are bullish for KUMO first. Stop loss if it stabilizes (4h close) under EMA 200.
