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Longnikkei

TARGET REACHED on Japan 225 after a wave of emotionsTarget 42,153 REACHED since 11 June 2025. It actually was a classic text book analysis with a W Formation followed by a Falling Wedge. I've always believed in keeping in simple. ANd when you find something simple ONLY improve tweak and adjust that strategy to make life easier, more understandable and profitable. Hence been using the same strategy since 2003. So now that the target has reached 42,153 - we can actually expect further upside followed by a consolidation pattern which will prepare for the next move. Will it be up or down? We'll have to find out. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATIONSB:JP225Long
by Timonrosso
UPDATE - Japan Index is now set for upside to 45,172The last analysis, was working like a charm until Trump had to pause the tariffs, and go back on everything he said bit by bit. So, the analysis has now turned from bearish to bullish - and as traders we adjust our sails accordingly. There are a few other reasons for the rally to come. 📈 Positive U.S.-China Trade Developments Boost Market Confidence Recent progress in U.S.-China trade talks has alleviated investor concerns, leading to a 0.4% rise in the Nikkei 225, reflecting renewed optimism in the Japanese stock market. 💰 Significant Foreign Investment Inflows Strengthen the Market In April 2025, foreign investors injected 3.68 trillion yen into Japanese equities, marking the largest monthly inflow in two years, driven by confidence in Japan's corporate reforms and stable economic outlook. Reuters 📊 Analysts Forecast Record Highs by End of 2025 A Reuters poll predicts the Nikkei 225 will reach an all-time high of 42,500 by the end of 2025, driven by attractive valuations, corporate reforms, and supportive monetary policies. So this goes in line with this technical analysis - even though they are completely independent analysis. Reverse Cup and Handle Price>20 and 200MA Target 45,172 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATIONSB:JP225Long
by Timonrosso
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