Nikkei 225 Futures Daily

General Overviev for 08/12/2013
The anticipated Triangle formation breakout has been developing properly and now the fianl attack to new highs should be in play. The target area for main count is 16110 – 16337. If this highs are broken then the alternate count is in play and this one us slightly more bullish than the main one. It projects the Target Zone for wave 5 @ 16782 – 17154 (quite wilde).
Price has bounced from main channel upper line and as long as it stays within acceleration channel more high are in view.

Support/Resistance:
16782 – 17154 – Alternate Target Zone Projection
16110 – 16337 – Main Target Zone Projection
15936 – Swing High
14957 – Technical Support

Trading Recommendations:
As long as technical support zone holds buying the dips shoud be in play. Target zone on chart.

★★★★★★★★★★★★★★★★★★★★★★★
As You might have noticed I’m taking a part in „Analyst of the year” contest organised by InstaForex  broker MT5.com portal.
AND
If
You like my analysis or You trade it, or You have learnt something new
this is my plea to ALL OF YOU: Please vote for me EVERYDAY!
It is free, simple and easy to vote for me EVERYDAY!
This is what You have to do in four easy steps:
1. Register on MT5.COM forum here (use gmail, hotmail or yahoo) :http://www.mt5.com/Register/
2. Wait for confirmation email and activation link
4. Click on RAISE UP
THATS IT!
BIG THANK YOU!
★★★★★★★★★★★★★★★★★★★★★★★

About the author

Sebastian Seliga

Aktywny trader, analityk, ekspert metod inwestycyjnych bazujących na teorii fal Elliott'a, geometrii Fibonacciego i nie tylko.

View all posts

Dodaj komentarz

Twój adres email nie zostanie opublikowany. Pola, których wypełnienie jest wymagane, są oznaczone symbolem *

This site uses Akismet to reduce spam. Learn how your comment data is processed.