Nikkei: The Dawn - Trading Consultant | Securities | Research

Monday 06 Feb 2012

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Tuesday, 07 September 2010 10:25

TRADING STRATEGY
NIKKEI: The Dawn

Summary. Nikkei is very likely to complete its wave 5 diagonal triangle. In the other words, the downtrend is very limited since the daily momentum indicator is showing a bullish reversal signal. When the price rises above 9,290 it will validate the bull trend. Traders must wait until the price rises above 9,290 and then go Long when the hourly stochastic slow 8,5,5 is bullish reversal; otherwise STAND ASIDE.

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