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Nikkei Futures (Nkd_F): Buying Zone Hit – Longs Are Now Risk Free

The article is a technical Elliott Wave analysis of Nikkei Futures (Japan 225). It says the market completed a corrective pullback into a predefined “Blue Box” buying zone between 67,564 and 64,340, which the author describes as a high-probability long entry area. The decline from the 62,451 low unfolded as an (a)(b)(c) correction, and the move into the buying zone triggered risk reduction for longs: once price reached the 50% Fibonacci retracement of wave (b), traders were advised to move stops to breakeven and take partial profits. The setup remains valid unless price breaks below 64,340. Overall, the tone is constructive for Japan 225, with the analysis implying the index has already responded positively from support and could continue a bullish bounce.

Category

Japan 225

Sentiment

Bullish

Event

Technical analysis

Reading time

1 min