The Japan 225 (Nikkei) is consolidating just beneath a major resistance level around 38,776, forming a classic ascending triangle pattern. Price has been compressing into higher lows while repeatedly testing the horizontal ceiling, hinting at a potential bullish breakout.
Key Technical Observations:
Pattern Structure: The ascending triangle, defined by rising trendline support and horizontal resistance, suggests bullish pressure is building.
Moving Averages: Price trades above both the 50-day and 200-day SMAs, reinforcing the medium-term bullish trend.
MACD: Remains flat but in positive territory, indicating underlying strength even amid consolidation.
RSI: At 58.7, RSI is neutral to bullish, showing room for further upside before entering overbought territory.
A confirmed breakout above the 38,776 resistance would validate the ascending triangle and potentially trigger a fresh bullish leg. Conversely, a break below the rising trendline would invalidate the pattern and suggest deeper consolidation or correction.
This setup favors bulls as long as the higher lows remain intact. A decisive daily close above resistance could accelerate momentum toward new highs.
-MW
Key Technical Observations:
Pattern Structure: The ascending triangle, defined by rising trendline support and horizontal resistance, suggests bullish pressure is building.
Moving Averages: Price trades above both the 50-day and 200-day SMAs, reinforcing the medium-term bullish trend.
MACD: Remains flat but in positive territory, indicating underlying strength even amid consolidation.
RSI: At 58.7, RSI is neutral to bullish, showing room for further upside before entering overbought territory.
A confirmed breakout above the 38,776 resistance would validate the ascending triangle and potentially trigger a fresh bullish leg. Conversely, a break below the rising trendline would invalidate the pattern and suggest deeper consolidation or correction.
This setup favors bulls as long as the higher lows remain intact. A decisive daily close above resistance could accelerate momentum toward new highs.
-MW
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.