Nikkei 225 - Will the market Fade to a consistent level?

➖⚡➖ KEY TAKEAWAYS ➖⚡➖

✔️ Strong rally only natural to retrace

➖⚡➖ TECHNICAL ANALYSIS ➖⚡➖

Bullish Outlook:

A break above the most recent level of ascending resistance (in yellow) would expose further upside

Bearish Outlook:
I think it's only natural to see some profit taking on a strong bullish rally. Question is though, how much of a retracement should we expect? Well historically speaking, the 50% fib level is the most common level.

Regards,
Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.

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