Nikkei 225 – Hits 800 Point Profit Target On Massive Selling
In our Jan 23rd market commentary, we followed up with our short trade on the Nikkei 225 in the 15840-15933 resistance zone. At that time, it was up over +500 points and on its way to its final target of 1505. Lo and behold a day later and the final target was achieved for +800 points and +8R. Congrats to the savvy price action traders who took this short and profited heavily from it.
As of now, the price action closed below the key support level on Friday, forming a doji on Monday testing that same resistance. Today the Japanese index broke above this key level, suggesting now a …... Keep reading