2025/5/23 Nikkei Futures Discussion

Daily

4-hour

1-hour

15-minute

Environment awareness

Daily: trendless, downward wave, turning price at 38010 with an upward wave

4-hour: downtrend, upward wave, turning price at 36700, indicating a downward wave

1-hour: trendless, upward wave, turning price at 37020 with a downward wave

15-minute: upward trend, downward wave

Overall assessment

In the night session, after testing down to 36710, it rose; since 36590, a key level on the 4-hour chart, has not yet been breached, attention is on whether the near-term low will be 36710

On the 1-hour chart, the price has moved above the 20MA, the MA slope has shifted from downward to sideways, and is turning slightly upward

On the 4-hour chart, the 20MA is declining, making the upper limit more likely to be watched

For 36710 to be the low and for the 4-hour correction to be completed again, the 20MA must shift from flat to rising

Currently testing the lower bound of the 4-hour range (red-framed area); whether it will continue testing the lower bound of the red area or not,

On the 1-hour basis, the lower bound of the blue-range area acts as a major resistance (around 37300); breaking this requires a catalyst

Considering the environment, since the 1-hour range break has completed and a settlement has occurred, the view remains to sell on retracements

Is there a scenario where another break of 36710 is tested?

We will view it with that kind of image in mind