Nikkei’s long-term consolidation is getting to an end?
NIKKEI is testing 28500, which is a support of the short-term rising wedge. A break below this level could accelerate the reversal lower to 27500, which is significant resistance for a long-term consolidation breakout. A break above 29500 is now required for the upside reversal and consolidation breakout higher.
Note: look for the short trade entries upon a break below 28500
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