Quick Technical Overview - NIKKEI 225: ranging inside Ichimoku cloud

Quick Technical Overview - NIKKEI 225: ranging inside Ichimoku cloud

9 November 2015, 12:11
Sergey Golubev
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Ichimoku analysis.
Weekly price is on bullish condition for the secondary correction: the price is moved along 'reversal' Senkou Span line which is the border between the bearish and the bullish on the chart. If the price will break 20975 resistance levels from below to above so the bullish trend will be condituing; if the price will break 16985 support level so we may see the reversal of the price movement to the bearish market condition; otherwise - ranging inside Ichimoku cloud.




Pivot Points.
The price is breaking R1 YR1 Pivot at 19117 from below to above for the bullish trend to be continuing. If the price will break this 19117 level on close weekly bar so we may see good bullish breakout; otherwise - ranging within R1 Pivot at 19117 and Central Pivot at 16483.


InstrumentS1 Pivot
Yearly PP
R1 Pivot
R2 Pivot
NX
14867
16483
19117
20733
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