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| Monday, 18 January 2010 02:14 |
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Trading Entry and Exit Analysis
NIKKEI
![]() Bearish reversal in daily time frame coincide with the end of Higher high trend continuation in hourly time frame (100% Price Projection) open short opportunity. Traders should wait for next short opportunity when hourly time frame shows bearish reversal. We forecast NIKKEI perform a runway gap during opening session. Do not open any position until it finish perform a corrective high.
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System ![]() ASTRONACCI © Trading System by Stocksforliving Indonesia,Ltd Momentum Bearish reversal on daily time frame and following by bearish not oversold in hourly time frame. Price may open weaker until the next few hours before it rise for a small rebound. Pattern Hourly time frame pattern is possible 1 or A wave formation. The next movement will be wave 2 or B. Price Opening session may fill with a runaway gap with approximately target 10.740 before it climb back. Short trade should be done at least at 10.835 when bearish reversal. If bearish reversal on hourly chart appears before price meet the retracement target, use a sell stop strategy 1 tick below the previous bar low. Trading Advises Short Trade during hourly bearish reversal at 10.835.
Analyst Certification:
The views expressed in this research report accurately reflect the analyst’s personal views about any and all of the subject securities or issuers; and no part of the research analyst’s compensation was, is, or, will be, directly, indirectlyrelated to the specific recommendations or views expressed in the report.
Stocksforliving Indonesia,Ltd ©2008 All rights reserved. Except as specifically permitted, no part of this presentation may be reproduced or distributed in any manner without the prior written permission of Stocksforliving Indonesia,Ltd.
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| Last Updated on Monday, 18 January 2010 02:27 |
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