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Nikkei 225 Approaching Key Level | Dec. 5th
Nikkei 225 – Approaching Major Support Level
After forming a double top at 15810, the Nikkei 225 sold off for almost 800 points impulsively. The major Japanese index is approaching a big figure at 15000 along with a double top resistance level at 14945, thus approaching a key level of support. Although indices have been selling off as a whole, I’d be interested in buying here if a price action signal forms at this level. Upside targets would be 15297 and the prior double top at 15810. If 14900 folds, then 14500 becomes the next downside level for the bears to attack.
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