Sideways channel strengthened by fibs, upcoming break trades

We identify a clear sideways channel on the Nikkei 225 index that aligns with the .236 and .786 retracements. This ensues a particular statistical significance, and strengthens the support and resistance levels. Once a break occurs to either direction on high volume, we are taking a position that aligns with the movement of the breakout: either continuing a bullish move with a price target of the width of the channel on a penetration of the resistance, or on a break of the support, we will do the same (ensue a price target down by the height channel. The price target of +/- 1.48% from the break of support or resistance gives a bullish target of 21671 and a bearish target of 20735 for the NI225.