NIKKEI can go as low as 40k seeking the 1W MA200Japan 225 IndexTVC:NI225TradingShotNikkei (NI225) has been trading within a 6-year Channel Up since the March 2020 COVID crash. The price hit the pattern's top last month and the last 30 days have been a strong correction. Even though the 1W MA50 (blue trend-line) hasn't been broken yet, this is technically the start of the pattern's new Bearish Leg. All previous Bear Cycles reached at least the 0.236 Channel Fibonacci level before rebounding as well as testing the 1W MA200 (orange trend-line). This gives us a 43000 - 40000 Target Zone before the index turns into a long-term buy opportunity again. --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇