WTF Chart of the Day: Nikkei In Deep Sh*t
By LawrenceAn updated daily chart on Nikkei.
Highlight of its latest development:
1. Started the year rejected by 2013 year close
2. Dropped to previous quarter low (2013 last quarter)
3. Bounced in a bear flag / upchannel
4. 3 Pushes Up in place and broken to the down side today
What is likely to happen?
Back down to below the orange line with label 50.
It is the year 2013 midpoint, measured move target from December 2013 high, etc.
It is a spectacular drop in the making!
