An emerging Rising Wedge has been detected on Nikkei 225 on the 30 Minutes chart. There is a possible move towards 39471.9524 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
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Nikkei 225 is quickly approaching the resistance line of a Rising Wedge. We expect either a breakout through this line or a rebound.
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Nikkei 225 seems to be on its way to support – a possible opportunity?
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