Chart of The day $NIKKEI 06-26-2018

/ Blog / By Alex

On the NIKKEI chart, we can see that the instrument is testing a strong confluence of the support 100 and 200 SMA 220 level. As long as the 230 level holds we could see another test of 220 for a downside break. A break below this level would lead to a downside extension into the 200.

Note: look for the short trade entries on a daily close below the 220 level with the SL just above the 235 level.

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