Nikkei 225: ⬇️ Sell
– Nikkei 225 reversed from the resistance zone
– Likely fall to support level 40000.00
Nikkei 225 index recently reversed from the resistance zone between the resistance levels 42000.00 (which started the sharp sell-off in 2024) and 41285.00.
This resistance zone was further strengthened by the upper daily and the weekly Bollinger Bands.
Given the strength of the aforementioned resistance zone and the overbought weekly Stochastic, Nikkei 225 index can be expected to fall to the next round support level 40000.00.
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