Selling NIKKEI on a Double Top
Stock have been bullish for the past 10 days and many folks are expect the bull rally to continue. We follow the charts and this is what it says:
1) NIKKEI is overbought on H4 and have created a double top with divergence.
2) There is a big pattern to sell which is being retested.
3) A smaller shark pattern has appeared
4) We will sell with the stop loss above 32800.
The target is a big drop which means stocks will need to go down at the end of this week or early next week.
1) NIKKEI is overbought on H4 and have created a double top with divergence.
2) There is a big pattern to sell which is being retested.
3) A smaller shark pattern has appeared
4) We will sell with the stop loss above 32800.
The target is a big drop which means stocks will need to go down at the end of this week or early next week.
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