Bullish N225 - 29 April 2024 - Technical Analysis

EURUSD Forex

Nikkei 225

Bullish Closed

A Price Action Ascending Triangle pattern formation on the 5 Min time frame chart supports Nikkei 225 Bullish bias. A break of 37928.00 will support the rise towards the target of 38208.50 the break of 38208.50 would push the price to 38395.50.

SUPPORT AND RESISTANCE LEVELS

Pivot Point 388
Support S1: 388, S2: 388 , S3: 388
Resistance R1: 388 , R2: 388 , R3: 388

Summary

Instrument :

Nikkei 225

Direction :

Bullish

Pattern Name :

Ascending Triangle

Probability :

Entry Level :

37928.00

Activation Time :

2024-04-26 03:25

Age :

33 Bars

Progress :

100%

Close Time :

2024-04-29 01:35

Time Frame :

5 Min

Status :

Closed

CHART ANALYSIS

MORE SIGNALS

MEMBERS ONLY

Ascending Triangle

An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trend line to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns. The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns.