Emerging Channel Down pattern in its final wave was identified on the Nikkei 225 1 hour chart. After a strong bearish run, we find Nikkei 225 heading towards the upper triangle line with a possible resistance at 35393.5385. If the support shows to hold, the Channel Down pattern suggests a rebound back towards current levels.
Supported by Downward sloping Moving Average
Target: 35393.5385 Entry: 36425 Stop: 37091