Analysis of the Japanese Nikkei index and the expected decline is coming in the short term

A Selling Opportunity on the Nikkei JP225

 

It appears we may soon witness a correction on the Nikkei JP225.

The current movement on the hourly chart indicates a sell-off.

 If the sell-off is successful, we are expected to see some declines

 in the index in the short term.

A decline is expected if the index breaks and closes below the current demand areas,

specifically, a close below the 43377 levels.

A decline is expected toward the targets set at the 43100 and 42770 levels.


Of course, if the index continues its upward trend,

 the expected decline scenario is canceled.