Aurum Markets Blog Technical Analysis Continuation pattern on Nikkei 225

Continuation pattern on Nikkei 225

Continuation pattern on Nikkei 225 post thumbnail image

Nikkei 225 has broken through a resistance line. It has touched this line at least twice in the last 10 days. This breakout may indicate a potential move to 37575.9174 within the next 2 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.

Supported by Upward sloping Moving Average

Target: 37575.9174 Entry: 37178.2857 Stop: 36525

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