Nikkei bearish wedge

2019年2月21日

This index made a big rally the past week or two, while the rally was much weaker the first 5 weeks of this year compared to other indices. With this rally of the past 2 weeks, it looks like it is slowing down in the form of a bearish wedge. Seems a break has already happened so normally the high should be set already. The target of the wedge is around the yellow circle, but there is a chance it will drop even more. It is still above a support zone though, but i think if that one breaks, we should see a small acceleration


Similar Nasdaq analysis:

2019年2月21日

註釋

The green support never broke and made another bounce up because of some news, now its dropping towards that neckline again. If that breaks, we should some acceleration downwards.