TRADING STRATEGY Nikkei Consolidates at Downtrend Analyst: Gema Merdeka Goeyardi
Summary. After the ABC corrective rally has completed, more than likely Nikkei will continue decline below 25 May 10 low. However, it seems a complex correction is starting. Short when Nikkei reaches 9,780-9,850 or when it breaks 9,420. Daily momentum should reach an overbought area before we take a short-trade. We will reverse to Long Buy when price rises above 9,950. (Click the picture to open the original size)
