Cabana Capitals Blog Technical Analysis Nikkei 225 – support line broken at 2024-10-29T23:00:00.000Z

Nikkei 225 – support line broken at 2024-10-29T23:00:00.000Z

Nikkei 225 – support line broken at 2024-10-29T23:00:00.000Z post thumbnail image

Nikkei 225 has broken through a support line. It has touched this line at least twice in the last 2 days. This breakout may indicate a potential move to 38907.2847 within the next 6 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.

Target: 38907.2847 Entry: 39098 Stop: 39270

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