Nikkei 225 was identified at around 42575.0 having recently rebounded of the resistance on the 4 hour data interval. Ultimately, the price action of the stock has formed a Head and Shoulders pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 42186.4286 level.
Nikkei 225 – approaching a support line that has been previously tested at least twice in the past
