NIKKEI - higher interest rate causing another crash ?

213
This is a weekly chart of the NIKKEI 225.
The Japanese index has been trading in a channel which was confirmed last summer with the massive swing up and down due to the unexpected increase of the interest rate by the BOJ.
After that price continued above the midline and turned lower after the latest interest rate decision earlier this year.
Another meeting of the BOJ is scheduled for March 18th, but the next raise of the interest rate probably won't happen before later this year.
Just looking at this chart, the NIKKEI could be on its way to the lower trend line again and I am considering a buy in the 33-34k area.
Заметка
снимок
Заметка
fake out or change of trend ?
снимок
Заметка
снимок
Заметка
looks like this was a 0.618 retrace and it is going lower:
снимок
Заметка
already 3 fib levels lower.
снимок
Заметка
back to the old trend line, 1h RSI went down to 10. Expecting a bounce here.
снимок
Заметка
got close enough to the target in pre-market
снимок
Заметка
went below the channel to the 200W SMA. Support holding so far, but probably not tomorrow in Asia session:

снимок

Отказ от ответственности

Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.