Nikkei225 is Testing Major Support Level Right Now

Price has been trading in the bullish channel since February of this year. Now price is testing a major support level of the bullish channel . Look for a potential bullish reversal to the topside as global stock markets recover.


Nikkei225 is Testing Major Support Level Right Now by EmpowerTrader on TradingView.com


Trade Step-ups:

Bullish Reversal: Price rejects a bearish breakout, look for a bullish reversal. Profit levels to look for are 232000 and 244000 respectively.

Bearish Breakout: Price breaks current support level . In this case, price could fall to final support level of the bullish channel .

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