Technical Analysis and Outlook
The Nikkei Index finished lower bouncing off by completing Index Dip 20948. The next stage for transforming from the bearish down move is Dead-Cat-Bounce to Mean Resistance 22091. The confirmation of Index Rally 20948 is a must before the bounce must be taken seriously; otherwise, the index is heading lower to Key Support 20616 and next Index Dip 20294.
The Nikkei Index finished lower bouncing off by completing Index Dip 20948. The next stage for transforming from the bearish down move is Dead-Cat-Bounce to Mean Resistance 22091. The confirmation of Index Rally 20948 is a must before the bounce must be taken seriously; otherwise, the index is heading lower to Key Support 20616 and next Index Dip 20294.
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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.