On Monthly chart- Nikkei225 is poised for biggest multimonth fall going below 17600- where since 2003 it has finished a corrective structure ABC @20955 Highs.
Since highs of 20955- It has fallen sharply to 16900's & rallied upside in wave-2 @20015 highs -which is critical level for Nikkei & it should not cross above 20015 mark for current bearish structure which is opening up in the Nikkei.
Currently it formed another wave-((i)) & running into wave-((ii)) which has some room for upside but likely it should not move above 20015 marks.
Trading Strategy
Going close to 19500-19750 with critical stops above 20015 or moving below 17600 -we shall look for big bearish structure in the Nikkei--heading into year 2017-2019