Japan Market (Intraday - Important Support and resistance lines)Chart reading skills are universal. A trader's enhanced learning curve comes to fore from exposure to different indices rather than focussing on a single index. From trading perspective its important not to assume the continuity of a trend from one index on to the other.
J225 trade ideas
Japan 225 Micro picture - a gap in the opening next trading dayThe Index, recently has been moving differently.
To understand it, recently we tried to see one big picture in another post.
Then today trying to understand the recent corrections / changes so that we can predict on a daily basis.
When we move from Indian Index to Japan Index, i am astonished with the difference, possibly due to different culture and thinking or psychology. The Index moves much different in Japan 225 Index.
Thought i will leave the Index due to complexity and move to another chart. But it is interesting and challenging.
We are trying to understand from 11-07-24. Market came down as a correction. The miniature of the movements tried to put in a smaller EW picture.
Based on these, we feel, market should come down little further to make a wave 5. Which date ? mostly tomorrow ? Tomorrow will it gap down / gap up ?
I could be making errors due to first time looking at the structures. But it seems it is making one impulse movement down ( smaller size) and market is making a smaller 4 retracement today. So will market come down on next trading day for the making of leg 5 ( smaller) . This looks ideal, but in this way, it makes us to change the structure, to fit this logic, otherwise EW logic goes wrong.
Alternatively, there is a gap up/ down on next trading day 25th :). And also changes in the structure. When we go a little lower time frame, we will catch that properly. :)
Japan 225 Index key date and expectations tomorrow + 3 daysJapan 225 index has been in sideways move from oct 2024 onwards. On a daily chart, 19th Feb 25 is a key date and another on 25th Feb 2025. In between there are 2 trading days, 20th and 21st. So we expect market to move up from tomorrow till 25th Feb. Possibly on 25th Index may gap up and come down or will make a lower low day close.
Key dates : 19th ( today) and 25th ( after 2 trading days from today )
Expectation : we expect market to move up
Japan 225 Index overally looks targeting upwards in longtermWe are assuming in the motive phase from Nov 2008. If the motive wave structure fits good here, then we expect a move up from the current sideways move. The time duration of movement is not analyzed here. We will do that in a later post. The index has key dates coming up tomorrow and another after few days on a daily chart.
The primary wave leg 3 is in the making and we expect it to reach 46000 in the future for the leg 3 minimum target. And after that we expect a bigger correction before expecting it to go up to make leg 5. We expect atleast 20 percent correction that time. The time calculation is not done here.
So on long term -> expect a further move up,
Target -> min 46000 before a big correction
Note: This is for educational purpose. Assume it to be for learning the market structure.
NIKKEI 225 INDEXAfter the free fall, the 2nd biggest in their history , its time to breathe.
Japan is known for their ability to recover. This time lets see their index recover faster than ever.
I believe the Index has bottomed out.
Weekly Timeframe:
Monthly Timeframe:
Quarterly timeframe: Isn't this a beautiful pattern.
Fingers Crossed.
Common Japan. Love from India.
JP225 SHOWING A GOOD BREAKOUT MOVE WITH 1:15 RISK REWARD JP225 SHOWING A GOOD BREAKOUT MOVE WITH 1:15 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
Japanese stocks have bottomed The Nikkei displays a perfect abc correction. This implies that the selling based on the yen is already over and done. Please The fall also brought the Nikkei index to the month average which is a strong long term support. The implications are that Japan should now resume it's long term bull market on the back of a long term recovery cycle and less importance to the Yen.
A GOOD FALL SHOWING ON JP225ITS A SURESHOOT
IRS MY PERSONAL STRATEGY
Its showing a good falling
Having a good potential
There is nothing to doubt
It have a great surety of FALL
Due to these reason
1.It have clear-cut neckline without any confusing chat
2. It have clear entry and Tp point
3. Sellers seems heavy due to volume
Nikkei 225 is strong. Going for all time high.TVC:NI225
Nikkei 225 index is in range. Price was rebounding and reversing on support & resistance. recently price gone outside of value area tested strong support value area (Sky color) near 30700.
After testing 30700 market was on fire to inside big value area (Range). It's sign of buying in market.
Nikkei 225 MAYBE will go more upside near 32850 or 33000 and then reverse.
NIKEIE 225 INDEXJPN225 forming CUP pattern in Daily chart
Formation of HANDLE is yet to remain
It is trading near to SEPT 2021( HIGH of last 2 year)
After forming HANDLE it will break SEPT 2021 HIGH
But befor formation of HANDLE it may come down.
It is contra call to SELL here for short term scalping.
Once formation of HANDLE complet and it will break SEPT 2021high
And than it will FLY on air.But befor that we can SELL ( with strickt SL)
Negetive diversion is also formed Formed
ONLY FOR EDUCATION PURPOSE