NIKKEI 225 : FALLING TREND

  Jason Parker    
  Asian Indices
Last week, began to stream data that Japan's economy has been in decline.
According to the survey, the sentiment of the country's largest manufacturers drops to three-year low, and the sector is expected to weaken in the second quarter of the year.
Markit published Japan Purchasing Managers' Index, which stood at 49.1 in March, compared to 50.1 in February.
Above 50.0 indicates industry expansion, below indicates contraction.

These figures back up what can be seen on chart:
The index is a negative trend since mid 2015, this trend will not change soon.
We spread from the pivot points 4 lines which represent supports and resistances.
The index fails to maintain the positive trend over time and consistency checks the supports which become after the breaking down to resistances.
Our next destinations are the support lines.
If the support line will not be able to hold, we expect that the index will continue its way down.

Destinations:
14917
13853
11871
10107
The moving averages used as support (MA100) and resistance (MA200) for the NIKKEI.

Action:
Position: Short
Stop Loss: 17485
Take Profit1: 14917
Take Profit2: 13853

Stay Tuned!