Nikkei 225: ⬇️ Sell
- Nikkei 225 reversed from resistance zone
- Likely to fall to support level 39000.00
Nikkei 225 index recently reversed down with the Evening Star from the resistance zone between the resistance levels 40000.00 and 40550.00 (former multi month high from January).
This resistance zone was strengthened by the upper daily Bollinger Band and by the resistance trendline of the daily up channel from May.
Given the strength of the aforementioned resistance zone and the overbought daily Stochastic, Nikkei 225 index can be expected to fall to the next support level 39000.00.
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