NIKKEI225 H4/DAILY TRADE (SELL)

11 thg 6, 2017

Hello, traders!

NIKKEI 225 formed a bearish wolfewave and made a good move below the line 2-4 being supported by medium volume.

Opened sell position, but as the price bounced from fibo fan 61.8, it may retrace to line 2-4 later. If so and supported by divergence/volume, this can become an opportunity for more shorts.

GL All!

14 thg 6, 2017

Giao dịch đang hoạt động

NIKKEI is slowly drifting South being confirmed by declining RSI. Relatively low volume doesn't indicate change/acceleration of current trend in either direction.

16 thg 6, 2017

Giao dịch được đóng thủ công

Closed the sell yesterday - while markets were falling globally, tradingview.com/chart/NI225/ kept going down quite slow along with them, but didn't change it pace at all and lost only 0.26%

Today, it bounced back and currently, NIKKEI is staying in range without any attempts to breakout in any direction.



It is possible that the opportunity to re-open shorts will appear later if orange minor WW will be formed and the move after formation of point 5 (orange) will be supported by divergence/VOL/news or data.

21 thg 6, 2017

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Re-opened 2 shorts at 5-2 point of WW. RSI divergence, increasing volume at 5-2 and global markets being down yesterday and possibly continuing this trend today are supporting this attempt.

Current 5-2 is the last opportunity for purple grand pattern to fulfill its primary goal (point 6). If 5-2 is being broken, the pattern is no more valid.

22 thg 6, 2017

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Dangerous bullish counter wave formed at m30 - preparing to exit if it is confirmed working.

RSI divergence is supporting new wave.
The volume doesn't demonstrate it clearly and along with global stocks fall, may be (hopefully! :-)) will break this formation and keep downtrend.

But if anyone is following this or similar setup and want to be safe, I would recommend to close/put SL at breakeven (at least most of) positions with little profit.

Wolfe Vs Wolfe is always risky battle ^^

22 thg 6, 2017

Giao dịch được đóng thủ công

Just closed everything earlier with few pips of profit as the price bounced from point 5 of new bullish formation. Currently it is approaching line 2-4 and has chances to break it.