• Nikkei 225 reversed from resistance level 28370.00
• Likely to fall to support level 26080.00
Nikkei 225 index recently reversed down from the key resistance level 28370.00 (which stopped the sharp upward wave (C) in March), intersecting with the upper daily Bollinger Band.
The downward reversal from the resistance level 28370.00 stopped the earlier ABC correction (2) – starting the active impulse wave (3).
Nikkei 225 can be expected to fall further toward the next support level 26080.00 (which has been reversing the price from the end of April).
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