5 July 2023 Market Analysis For JP225

2023-07-05 12:11Source:BtcDana

JP225 TECHNICAL ANALYSIS SHORT TERM VIEW                                                         It is running in positive  trend and it has made complex correction  as marked by abc pattern on upside. So it can sharply jump above 34000  level .  Trend reversal  stop loss is 31000 and target is 34000.Trend is upward and calculation are in continuation of trend so better to buy with strict stop loss for upside target 34000 towards.Strong support as marked in graph 31000 to 32072 .Intraday purpose we can buy with same stop loss 31000 for upside direction towards main target 34000.Inner calculation are showing wave 1 and 2 completed and wave 3 are running so it can fly also to 35000 or higher levels .

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Japan's Nikkei pulls back from 33-year high on profit taking,Japan's Nikkei share average fell on Tuesday.

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

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