Technical analysis

Nikkei 225 Wave Analysis 14 January, 2021

Nikkei 225 Wave Analysis 14 January, 2021

• Nikkei 225 rising inside impulse waves 5 and (3)

• Likely to reach resistance level 30000,00

Nikkei 225 index continues to rise steadily after the price broke above the resistance level 28000,00 (which was set as the likely upward target in our earlier forecast for this instrument).

The breakout of the resistance level 28000,00 accelerated both of the active impulse waves 5 and (3).

Nikkei 225 is expected to rise further toward the next round resistance level 30000,00 (target price for the completion of the active impulse waves 5 and (3).

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