Hi Traders,
Just a quick update for those trading the Nikkei 225.
Earlier this week the Nikkei did bounce at the 50 EMA and the bullish pivot at 18610.3
Direct over head resistance is at 19600. Clearing the overhead pivot would open up the door for a bullish impulse move up to 2000 and 20800.
A break below would open up the floor to a retracement down to the 100 Moving Average which is near the 50% Fibonacci pivot.
Trade smart and with a plan. =)
Just a quick update for those trading the Nikkei 225.
Earlier this week the Nikkei did bounce at the 50 EMA and the bullish pivot at 18610.3
Direct over head resistance is at 19600. Clearing the overhead pivot would open up the door for a bullish impulse move up to 2000 and 20800.
A break below would open up the floor to a retracement down to the 100 Moving Average which is near the 50% Fibonacci pivot.
Trade smart and with a plan. =)
