Friday, April 25, 2014

Is Nikkei ready for a last upleg?...A possible (bearish) pathway

We believe that Nikkei as other major indices is forming a long-term topping pattern(black circle).In terms of the topping pattern of 2006-2007 we are at the pink arrow(55 week Exponential Moving Average support)

Using past price action as a guide...a possible pathway for Nikkei is the following: