Nikkei appears to be following a Wykoff schematic, pulling up into the supply area and falling to two price levels.
The completion of the fall will theoretically lead to a bull run that will potentially test the H.H. somewhere in the future, but for now, a bullish impulse is in play that might lead to a (desired) lower high.
Conclusion:
Short-term Bulls and Long-term bearish interests. Best followed on momentum indicators.
Happy trading,
K.
The completion of the fall will theoretically lead to a bull run that will potentially test the H.H. somewhere in the future, but for now, a bullish impulse is in play that might lead to a (desired) lower high.
Conclusion:
Short-term Bulls and Long-term bearish interests. Best followed on momentum indicators.
Happy trading,
K.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.