Chart of the Day Nikkei

Nikkei continuation rectangle

Nikkei is retesting the broken hard downside resistance 20800. The rejection here will open a further downside extension. Only a daily close above 20800 could invalidate a downside extension and that is where the stops for the short trades should be. ARMAT trading system is pointing to short 

Note: look for the short trade opportunities with the stop loss above  20800 level

 

 

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