Index

Nikkei 225 may fall to 35300 - 36700

2024-08-01

Pivot

39400

Our preference

Short positions below 39400 with targets at 36700 & 35300 in extension.

Alternative scenario

Above 39400 look for further upside with 41100 & 42400 as targets.

Comment

Technically the RSI is below its neutrality area at 50.

Supports and resistances

42400 **

41100 **

39400 ***

38038 Last

36700 ***

35300 ***

33800 **

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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