FlowState

NIKKEI approaching resistance, potential drop!

Kort
TVC:NI225   Nikkei 225 Index
NIKKEI is approaching our first resistance at 22290.7 (61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 21472.4 (61.8% Fibonacci retracement , 100% Fibonacci extension , horizontal pullback support).
Stochastic is approaching resistance as well where we might see a corresponding drop in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.



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