The market reached a Pivot action point! We are trading near the normal correction Level, the fibo 0,5. Here a Turnaround is always possible.
If the actual Level will be bought, a shortterm upswing can be exspected - a double bottom will appear.
Trading below 14.850 instead will accelerate the down-momentum.
Former Analysis:NIKKEI caught in the DownTrend
Since August 15 the downtrend is dominant - the momentum is still bearish as long we trade in this trend. (Red 1-2-3 counting)
SInce the index has tested the downtrend`s bottom edge in February 16 a new shortterm uptrend established itself. (green 1-2-3 counting) Within this trend you can exspect a new run to the trend`s upper edge at ~ 1790.
If the market really will reach this Niveau the Situation is getting much more interesting.
1. Breakout of the BIG DOWNTREND
2. Confirmation of the BIG DOWNTREND
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1.) Procyclical Stoppbuy when Price > 1790/1800. Here are based the last 2 Highs and the SMA 200 as a longterm buying Trigger. The possible TP`s could be @ 20.000/21.000
2.) Anticyclical Shortposition with Entry @17.465-18.000 near the down-and uptrend`s uper edges with TP 16.170
3.) Procyclical shortterm Shortposition when the Price is below the last (green) valid "3". TPs are 15.400 / 14.750
4. Procyclical longterm Shortposition when the Price is below the last valid (red) "2" --> TP could be 12.800
In my Chart i illsutrate all the thinkable positions
Good Luck!
If the actual Level will be bought, a shortterm upswing can be exspected - a double bottom will appear.
Trading below 14.850 instead will accelerate the down-momentum.
Former Analysis:NIKKEI caught in the DownTrend
Since August 15 the downtrend is dominant - the momentum is still bearish as long we trade in this trend. (Red 1-2-3 counting)
SInce the index has tested the downtrend`s bottom edge in February 16 a new shortterm uptrend established itself. (green 1-2-3 counting) Within this trend you can exspect a new run to the trend`s upper edge at ~ 1790.
If the market really will reach this Niveau the Situation is getting much more interesting.
1. Breakout of the BIG DOWNTREND
2. Confirmation of the BIG DOWNTREND
-----------------------------------------------------------------------------------------------------
1.) Procyclical Stoppbuy when Price > 1790/1800. Here are based the last 2 Highs and the SMA 200 as a longterm buying Trigger. The possible TP`s could be @ 20.000/21.000
2.) Anticyclical Shortposition with Entry @17.465-18.000 near the down-and uptrend`s uper edges with TP 16.170
3.) Procyclical shortterm Shortposition when the Price is below the last (green) valid "3". TPs are 15.400 / 14.750
4. Procyclical longterm Shortposition when the Price is below the last valid (red) "2" --> TP could be 12.800
In my Chart i illsutrate all the thinkable positions
Good Luck!
交易結束：目標達成
評論:
Next upswing ahead?
