Nikkei 225 Index is expected to re-test its distribution range low at 20,400 level. The level is also a previous support level. Supporting Claim for Downward Bias: - Index Broke below its Uptrend Line (stride) - Uptrend line has turned into resistance for index ( Bearish ) - Experienced 2x Upthrust (Failure to maintain new high). This potentially means that smart money is distributing at premium levels as "Breakout" traders buy in strength. 20,400 Level Objective based on: - Previous support established in Mar 2018 - Fibo 1.618% projection If Nikkei 225 Breaks Below 20,400 Level: - Distribution Phase is deemed established and index will enter into MARK DOWN phase - Next objective will be 19,000 level. Having a Wyckoff Price Cycle concept in mind helps traders see the market from a structured prospective. Join us in our U pcoming Class in conjunction with ...