Nikkei 225 was identified at around 39819.0 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Rising Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 40866.1087 level.
After testing the resistance line numerous times, Nikkei 225 is once again approaching this line. Can we expect a bullish trend to follow?
