My earlier forecast :Nikkei Futures: Failure to hold above the major resistance area around 15450 threatens for a new bearish wave, probably we may see the price head towards the bottom of the sideways range once more. Note the bearish divergence on MACD as well.
Update: The price reached below my first target for previous analysis(see related link below), but failed to maintain the downside on Friday, forming a major lower shadow which warns for a potential bullish rebound next week. Therefore, I am looking for a retest of the shaded resistance area.
Good luck , join me at twitter.com/thefxchannel
Also at my Facebook page www.thefxchannel.com
My best regards,
Technician
Update: The price reached below my first target for previous analysis(see related link below), but failed to maintain the downside on Friday, forming a major lower shadow which warns for a potential bullish rebound next week. Therefore, I am looking for a retest of the shaded resistance area.
Good luck , join me at twitter.com/thefxchannel
Also at my Facebook page www.thefxchannel.com
My best regards,
Technician
