NI225 - Downtrend coming?
First time doing an analysis on NIKKEI 225 Index - also i personally do not have a trade active on this
Charts tells me:
Double top on weekly with RSI pointing down and divergence on Volume. I see a possible 50% retracement. I think we went too far too fast in markets...
Fundamental:
Weakness around the world with stimilus pushing markets up while the real value is pointing down - less sales, less travel, less etc.
Let's see what the future holds for us.
Happy trading :)
PS
Charts tells me:
Double top on weekly with RSI pointing down and divergence on Volume. I see a possible 50% retracement. I think we went too far too fast in markets...
Fundamental:
Weakness around the world with stimilus pushing markets up while the real value is pointing down - less sales, less travel, less etc.
Let's see what the future holds for us.
Happy trading :)
PS
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