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

Nikkei 225 – Reversal Chart Pattern – Channel Up

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

Nikkei 225 is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If Nikkei 225 continues in its current trajectory, we could see it reach 36263.5714 within the next 2 days.

Target: 36263.5714 Entry: 36682 Stop: 37042

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