Nikkei 225 was identified at around 38232.0 having recently rebounded of the support on the 1 hour data interval. Ultimately, the price action of the stock has formed a Inverse 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 38444.3333 level.
Nikkei 225 is quickly approaching the resistance line of a Inverse Head and Shoulders. We expect either a breakout through this line or a rebound.
