{lang: 'en-US'} Nikkei 225 Futures Daily ~ ElliottFxTrader Blog

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Sunday, 8 December 2013

Nikkei 225 Futures Daily


General Overviev for 08/12/2013
The anticipated Triangle formation breakout has been developing properly and now the fianl attack to new highs should be in play. The target area for main count is 16110 - 16337. If this highs are broken then the alternate count is in play and this one us slightly more bullish than the main one. It projects the Target Zone for wave 5 @ 16782 - 17154 (quite wilde).
Price has bounced from main channel upper line and as long as it stays within acceleration channel more high are in view.

Support/Resistance:
16782 - 17154 - Alternate Target Zone Projection
16110 - 16337 - Main Target Zone Projection
15936 - Swing High
14957 - Technical Support

Trading Recommendations:
As long as technical support zone holds buying the dips shoud be in play. Target zone on chart.
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