🔴 JP225 - NIKKEI 225 ANALYSIS 🔴
Current Price: 58,900
MULTI-TIMEFRAME TRENDS:
Monthly Trend (White): UP ⬆️
Weekly Trend (Blue): UP ⬆️
Daily Trend (Yellow): BROKEN DOWN ⬇️
Daily + 4H Trend (Red): DOWN ⬇️
What happened?
Price broke the Daily Uptrend and now trading BELOW the 4H Downtrend.
Bias: BEARISH below 60,500
RESISTANCE:
60,500 - 4H Downtrend
64,000 - Broken Daily Trend
67,000 - Previous Low
70,000 - Double Top
SUPPORT:
58,500 - Current Support
57,000 - Oct Low
55,000 - Psychological
52,000 - Strong Support
50,000 - Downtrend Target
Plan:
Below 60,500 -> Sell on pullback
Targets: 58,500 / 57,000 / 55,000 / 52,000
Above 60,500 -> Bullish again
Targets: 64,000 / 67,000
Long-term still bullish, short-term bearish.
This is the correction everyone was waiting for.
Follow for JP225 updates 🔔
$JP225 #HIJAZIMARKET #NIKKEI #Japan #Trading
Current Price: 58,900
MULTI-TIMEFRAME TRENDS:
Monthly Trend (White): UP ⬆️
Weekly Trend (Blue): UP ⬆️
Daily Trend (Yellow): BROKEN DOWN ⬇️
Daily + 4H Trend (Red): DOWN ⬇️
What happened?
Price broke the Daily Uptrend and now trading BELOW the 4H Downtrend.
Bias: BEARISH below 60,500
RESISTANCE:
60,500 - 4H Downtrend
64,000 - Broken Daily Trend
67,000 - Previous Low
70,000 - Double Top
SUPPORT:
58,500 - Current Support
57,000 - Oct Low
55,000 - Psychological
52,000 - Strong Support
50,000 - Downtrend Target
Plan:
Below 60,500 -> Sell on pullback
Targets: 58,500 / 57,000 / 55,000 / 52,000
Above 60,500 -> Bullish again
Targets: 64,000 / 67,000
Long-term still bullish, short-term bearish.
This is the correction everyone was waiting for.
Follow for JP225 updates 🔔
$JP225 #HIJAZIMARKET #NIKKEI #Japan #Trading
