Nikkei 225
Japan Nikkei 225 has been in downtrend, bearish. True or true? Base on century old Dow Theory; each successive decline closes lower than the previous decline low, and each successive decline high also closes lower than the previous decline low.
Only until, the next high is higher than the recent high, this may signal a possible change in direction. Stop the falling. But, still has to look for for confirmation.
Picture worth a Thousand Words
August 12, 2016 Nikkei 225 Weekly Chart
Moses Stock Analysis and Scan
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