Cabana Capitals Blog Technical Analysis Possibility of big movement expected on Nikkei 225

Possibility of big movement expected on Nikkei 225

Possibility of big movement expected on Nikkei 225 post thumbnail image

Nikkei 225 has broken through a support line of a Triangle and suggests a possible movement to 37767.4294 within the next 3 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 13 days.

Target: 37767.4294 Entry: 38139.4722 Stop: 38596

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