The Nikkei 225 Index (NI225) has been on a massive bull-run since 2008. Total growth goes beyond 470% from bottom to peak.
โ The bottom hit late October 2008. โ The All-Time High (41,087.75) hit March 2024.
As the NI225 hits a new All-Time High many bearish signals started to develop.
To start, we have multiple weeks of bearish action. The classic rounded top is already in.
โ Other indexes such as the DJI, SPX & safe-haven assets such as Bitcoin are already on the retrace, coming off new All-Time Highs and multiple years of growth.
I see a drop happening based on the current chart. ๐ Main target sits at ~25,000.
First stop = 33,000.
Second stop = 28,000.
Third stop = 25,000.
It can go lower, depending on how things develop, and hit 20,000 which is a major support range.
This is not financial advice. Remember to do your own research.