Cabana Capitals Blog Technical Analysis Should we expect a breakout or a rebound on Nikkei 225?

Should we expect a breakout or a rebound on Nikkei 225?

Should we expect a breakout or a rebound on Nikkei 225? post thumbnail image

Nikkei 225 is heading towards the resistance line of a Inverse Head and Shoulders. If this movement continues, the price of Nikkei 225 could test 38444.3333 within the next 23 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

Target: 38444.3333 Entry: 38232 Stop: 37975

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post