Nikkei Approaching Support, Potential Bounce!
Nikkei is testing our first support level at 19017 (100% Fibonacci extension, Horizontal swing low support) where a strong bounce might occur above this level pushing price up to our major resistance at 20177 (61.8% Fibonacci extension , 23.6% Fibonacci retracement, Horizontal pullback resistance).
Stochastic (89,5,3) is also testing support where we might see a corresponding bounce in price.
Stochastic (89,5,3) is also testing support where we might see a corresponding bounce in price.
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