Aurum Markets Blog Technical Analysis Nikkei 225 – Continuation Chart Pattern – Channel Up

Nikkei 225 – Continuation Chart Pattern – Channel Up

Nikkei 225 – Continuation Chart Pattern – Channel Up post thumbnail image

Emerging Channel Up pattern in its final wave was identified on the Nikkei 225 4 hour chart. After a strong bearish run, we find Nikkei 225 heading towards the upper triangle line with a possible resistance at 35620.0000. If the support shows to hold, the Channel Up pattern suggests a rebound back towards current levels.

Target: 35620 Entry: 35685 Stop: 36015

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