Cabana Capitals Blog Technical Analysis Nikkei 225 approaching resistance of a Ascending Triangle

Nikkei 225 approaching resistance of a Ascending Triangle

Nikkei 225 approaching resistance of a Ascending Triangle post thumbnail image

Nikkei 225 was identified at around 38374.0 having recently rebounded of the support on the 15 Minutes data interval. Ultimately, the price action of the stock has formed a Ascending Triangle pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 38695.4861 level.

Target: 38695.4861 Entry: 38374 Stop: 38150

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