Quick Technical Overview - NIKKEI 225 Index: with secondary flat waiting for direction

Weekly price is located near Senkou Span line of Ichimoku indicator on the border between the primary bearish and the primary bullish on the chart.

• Chinkou Span line is located below the price and indicating the flat market condition by direction.
• 'Reversal' Senkou Span line (which is the virtual border between the primary bullish and the primary bearish on the chart) is located near the price.
  
• Absolute Strength indicator is estimating the secondary flat.
  
• Nearest resistance levels are 19150 and 20930.
• Nearest support level is 16985.
  

If W1 price will break 19150 resistance on close W1 bar so the primary bullish trend will be started with 20930 as the next bullish target.
If W1 price will break 16985 support level on close W1 bar so the bearish reversal will be started: the price will be located below Ichimoku cloud.
If not so the price will be ranging between the levels.

Trend: