- Edited on September 6, 2021
- Desmond L
Preferred Case:
Nikkei pushed up strongly and is now approaching key 100% Fibonacci extension level at our Pivot, which is also in line with a recent graphical swing high. With stochastic indicator testing resistance where price pulled back in the past, a drop towards graphical overlap support and our 1st support where we have 23.6% Fibonacci retracement level is possible.
Alternative Case:
Otherwise, breaking above our pivot will see a revewed push on nikkei towards our 1st resistance