JPN225 : May need correction, Dead Crossover on 4H Chart
On daily chart the nikki now comes to the 1.618 extention of previous major rally, seems losing momentum.
On 4H chart a dead crossover of MACD has completed, hits a possible correction move to enter into consolidation period.
I won't so pessimistic about the nikki, watch 21221 and 20979 level. Generally the rising trend keeps in good shape.
Other related idea with stock indices please see below. And noted that u'd better trade the JPN225 in Asian session.
On 4H chart a dead crossover of MACD has completed, hits a possible correction move to enter into consolidation period.
I won't so pessimistic about the nikki, watch 21221 and 20979 level. Generally the rising trend keeps in good shape.
Other related idea with stock indices please see below. And noted that u'd better trade the JPN225 in Asian session.
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