Nikkei 225 – Forming A Price Action Squeeze

Published 04/03/2014, 03:08 AM
Updated 05/14/2017, 06:45 AM

Nikkei 225 – Large Breakout After Consolidation. Forming Price Action Squeeze
After consolidating for 3 days, the Japanese index broke out for several hundred points to the upside, running into multi-month resistance around 15075. The index has formed 2 touches on it, so setting up for a potential breakout with the 20 ema holding for now.

If we see more of a price action squeeze, followed by a breakout, look to trade the momentum or a breakout pullback setup. Upside targets are 15187 and 15315 which are key swing highs from March this year.
Nikkei 225

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