JPN225 Forecast - 15th August, 2014
Weekly Chart
- Rejection candle shown at resistance as we near the 2014 opening highs
- RSI negative divergence
Daily Chart
- Rejection at the 78.6 retrace from year highs to low
- Continued weakness on the RSI
Outlook Trade opportunity
In April, i foretasted the uptrend perhaps going to new highs, (we have yet obviously), this view is still in place in the long term view.Near term, i think we are going to be in a range with 15000 holding
From the Daily, there has strong momentum to the downside as it rejected the 78.6fib, , however a pin bar supported at the 15000 level, so we might be in a range with the bull bear fight. . , however oscillators favors the down side
no trade as of now...
no trade as of now...