Title

Nikkei Potential Bullish Bounce | 27th Sep 2021

Type

Bullish Bounce

Support: 29,687

Resistance: 30826.88

Pivot: 30079.23

Preference:

We can expect price to bounce from pivot level in line with 38.2% Fibonacci retracement, 61.8% Fibonacci projection and ascending trendline support towards the 1st resistance in line with horizontal swing high and 127.2% Fibonacci projection.

Alternative scenario:

Alternatively, price could push past the ascending trendline support towards the 1st support in line with 127.2% Fibonacci projection.