Although the overall trend is bearish (observe to downward sloping black W1 TL), this index seems to be in a counter-trend ascending channel (or rather, forming a Bearish Flag). From the inherent inverse correlation with the Japanese Yen, I expect to see all XXX/JPY rally higher as the Yen weakens. Upon a break and close beneath this channel (lime), I expect to see the JPY regain its strength and thus all XXX/JPY resume their plummet downwards.
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Citoles1000mg
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I think a ''bearish flag’’ is more probable, as NIKKEI is more vulnerable than other stock markets, regarding the Chinese earthquakes that are not finished yet.. :)
All the expected upward recoveries seem to be suppressed -more or less- by the overall tendency for a long time..
All the expected upward recoveries seem to be suppressed -more or less- by the overall tendency for a long time..
Have a nice week ;)