Nikkei to break to the upside?

11月4日

NIK225 - 24h expiry

Price action looks to be forming a bottom. Posted a Bullish Hammer Bottom on the 4 hour chart.
This is positive for sentiment and the uptrend has potential to return.
Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 38857, which will confirm the bullish sentiment.
Short term bias is mildly bullish.

We look to Buy at 38857 (stop at 38357)
Our profit targets will be 40057 and 40357

Resistance: 39660 / 42155 / 45325
Support: 37705 / 36330 / 34955

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