28.11.202407:50 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Nikkei 225 Index, November 28, 2024.

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With the appearance of the Failing Wedge pattern followed by the appearance of deviations between the Nikkei 225 index price movement and the Stochastic Oscillator indicator and also confirmed by the price movement of this index which is and closes above its EMA (21) which also has a slope starting to dive upwards giving an indication that in the near future #N225 has the potential to strengthen upwards where the level of 3844 will be tested to be broken and close above it if successful then #N225 will continue its strengthening to the level of 39057 as its main target and if the momentum and volatility support 39825 will be the next target to be targeted next but all of this will be canceled by itself if on the way the index strengthens suddenly there is a weakening correction that breaks and closes below the level of 37596.

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