Cabana Capitals Blog Technical Analysis Continuation pattern on Nikkei 225

Continuation pattern on Nikkei 225

Continuation pattern on Nikkei 225 post thumbnail image

Nikkei 225 has broken through a support line of a Rising Wedge chart pattern. If this breakout holds true, we may see the price of Nikkei 225 testing 37214.8344 within the next 2 days. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any action.

Target: 37214.8344 Entry: 37773.6111 Stop: 38286

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