Nikkei 225 was identified at around 38180.0 having recently rebounded of the resistance on the 30 Minutes data interval. Ultimately, the price action of the stock has formed a Rising Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 37913.7500 level.
Supported by Downward sloping Moving Average
Target: 37913.75 Entry: 38180 Stop: 38454

