The NIKKEI 225 Japan Index (JPN225) 4h Diagram Technical Analysis Training shows the following:
The JPN225 index has made a reaction from EMA 200 towards to Kijun Sen and then it declined towards again to EMA 200, finding support at Tenkan Sen. The index is into the KUMO.
So the first think in mind is that JPN225 is into the KUMO without a clear trend.. MACD & RSI are both trying marginally bullish.
We have no special candlestick pattern.
There is no special diagram pattern.
So the only think we have is the resistance line. Long above it and of course above Kijun Sen, stop loss or short under the EMA 200 or KUMO (the KUMO has twisted).
The JPN225 index has made a reaction from EMA 200 towards to Kijun Sen and then it declined towards again to EMA 200, finding support at Tenkan Sen. The index is into the KUMO.
So the first think in mind is that JPN225 is into the KUMO without a clear trend.. MACD & RSI are both trying marginally bullish.
We have no special candlestick pattern.
There is no special diagram pattern.
So the only think we have is the resistance line. Long above it and of course above Kijun Sen, stop loss or short under the EMA 200 or KUMO (the KUMO has twisted).
