Emerging Channel Down pattern in its final wave was identified on the Nikkei 225 15 Minutes chart. After a strong bearish run, we find Nikkei 225 heading towards the upper triangle line with a possible resistance at 38985.9712. If the support shows to hold, the Channel Down pattern suggests a rebound back towards current levels.
Supported by Downward sloping Moving Average
Target: 38985.9712 Entry: 39555 Stop: 39780
Emerging Rising Wedge detected on DOW 30 – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over
Approaching Support level of 1.3970 identified at 11/26 20:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.3970 within the next 8
Broke through Support level of 0.5677 at 11/5 00:00. Possible bearish price movement forecast for the next 49 days towards 0.5462. Target: 0.571 Entry: Stop: 0.5642