Nikkei 225: ⬆️ Buy
- Nikkei 225 reversed from support zone
- Likely to rise to resistance level 54000.00
Nikkei 225 recently reversed from the support zone between the pivotal support level 51235.00 (which has been reversing the price from January), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from October.
The upward reversal from this support zone is currently forming the daily Japanese candlesticks reversal pattern Morning Star – strong buy signal for Nikkei 225.
Given the long-term daily uptrend, Nikkei 225 can be expected to rise to the next resistance level 54000.00 (which has been reversing the price from the middle of March).
, lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from October.){kind=link}