Nikkei 225 - Downtrend Channel

Tuesday, 2018-10-30

Nikkei 225 - Descending Triangle developing at Downtrend Bottom

Saturday, 2018-10-13

The hourly chart of the Nikkei 225 shows a Descending Triangle (purple-colored), which has started to develop during the last 2 trading days, following the harsh Drop of the Nikkei by 1400 Points, which occurred after the Nikkei hit Resistance at 23600 Points and rebounded from the DowntrendLine (luminous green-colored), which also represents the current intermediate BreakoutLine. A Descending Triangle at the Bottom of a Downtrend usually tends to breakout to the downside.