Nikkei Approaching Support, Potential Bounce!

26 בדצמ׳ 2018

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.