NIKKEI - higher interest rate causing another crash ?

3월 9일

This is a weekly chart of the NIKKEI 225.
The Japanese index has been trading in a channel which was confirmed last summer with the massive swing up and down due to the unexpected increase of the interest rate by the BOJ.
After that price continued above the midline and turned lower after the latest interest rate decision earlier this year.
Another meeting of the BOJ is scheduled for March 18th, but the next raise of the interest rate probably won't happen before later this year.
Just looking at this chart, the NIKKEI could be on its way to the lower trend line again and I am considering a buy in the 33-34k area.

3월 10일

노트

3월 14일

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fake out or change of trend ?

3월 20일

노트

3월 27일

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looks like this was a 0.618 retrace and it is going lower:

3월 28일

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already 3 fib levels lower.

3월 31일

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back to the old trend line, 1h RSI went down to 10. Expecting a bounce here.

4월 4일

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got close enough to the target in pre-market

4월 6일

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went below the channel to the 200W SMA. Support holding so far, but probably not tomorrow in Asia session: