Cabana Capitals Blog Technical Analysis Nikkei 225 – getting close to support of a Falling Wedge

Nikkei 225 – getting close to support of a Falling Wedge

Nikkei 225 – getting close to support of a Falling Wedge post thumbnail image

Nikkei 225 is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 8 days and may test it again within the next 2 days.

Supported by Downward sloping Moving Average

Target: 40768.097 Entry: 41120 Stop: 41530

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