April 20, 2017
^N225 Nikkei 225 Index and 34 EMA Wave
The index has now breakout the support and fallen in below the support. Will the index test the last November low? Will see.
This is the near turn view.
April 19, 2017 Nikkei 225 and 34 EMA Wave
^N225 Nikkei 225 Index 2014 to 2017
Picture worth a thousand words, see how the index move from 2014 till 2017. The index went from low in 2014 ti the peak of 2015 and fail to the low of 2016. The good thing is the low of 2016 was higher than 2014 low, but it was definitely lower than 2015 low. This is from the uptrend to a reversal. May be we now call it a big pullback. As the index bounced off after the low of 2016. Unfortunately, the index is resisted by the high of 2016 high.
Can the index breakout higher than the 2016 high? Will see.
April 19, 2017 Nikkei 225 Index 2014 to 2017
Moses Stock Analysis
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