Nikkei to continue in a selloff?

2023年7月6日

NIK225 - 24h expiry - We look to Sell a break of 32298 (stop at 32548)

Selling pressure dominated price action yesterday and we expect this to continue today.
Previous support located at 32303.
With the Ichimoku cloud resistance above we expect gains to be limited.
Further downside is expected, however, due to the strong support below we prefer to sell a break of 32303, which will confirm the bearish sentiment.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.

Our profit targets will be 31698 and 31598

Resistance: 33205 / 34015 / 35090
Support: 31410 / 30300 / 29235

Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.