Quotes stock index NIKKEI 225 continues to be traded within the descending pattern of 1:1. As you can see, the index quotes could not go beyond the model, but have not been able to fully fulfill reversal pattern on the head and shoulders continuation of falling.
NIKKEI 225 forecast for the week August 29, 2016 — September 2, 2016
To date, the potential is retained for the fall of quotations NIKKEI 225 to below the level of 15,400 in the rebound values of the indicator of the relative strength of the trend line. Cancellation option will be a strong growth stock index and the breakdown of the area above the level of 17,000, which will point to the abolition of the descending pattern 1:1 and continued growth of quotations NIKKEI 225 in the area above the level of 18500.
NIKKEI 225 forecast for the week August 29, 2016 — September 2, 2016 assumes fall within the beginning of the descending pattern of 1:1 in order to reduce the area below 14500, the cancellation will be the breakdown of the channel’s upper border.
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