Nikkei crossed over its late three month Channel Down pattern which according to the almost +30% rise that preceded it, may be the Bull Flag that technically follows and transitions into the next rally. The 1D technical outlook already turned bullish (RSI = 58.030, MACD = 173.400, ADX = 33.840) and as the 2021 fractal, targets the R1, or at least a little under it (TP = 34,000).
See how the 1D MA100 supported the downtrend on the August 17th bottom and shortly after a Bullish Cross on the 1D MACD followed.
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See how the 1D MA100 supported the downtrend on the August 17th bottom and shortly after a Bullish Cross on the 1D MACD followed.
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Over 65% accuracy on Private Signals Channel.
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Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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.