Nikkei 225 bounces to 64,659 under 65,405, only a bounce?Japan 225 IndexTVC:NI225Rizq-FXThe Nikkei closed Thursday at 64,659.25 after three up days, a bounce from the 61,462.61 low on 23 Oct. That low came after a fall from 70,798.62 on 6 Oct, a drop of about 13%. Price is under its 20-day (66,228) and 50-day (65,824) averages, and the weekly chart has made a lower high and a lower low. It is still above its 200-day average at 61,725, which is why the read is only slight. If it goes down (most likely, but slightly). The bounce stalls under 65,404.63, the 21 Oct high, and rolls over. A daily close under 61,462.61 would take it through the 200-day area. The next level is the 26-week low at 59,292. If it goes up. A daily close over 65,404.63 would say the bounce is more than a bounce. Next is 66,410.27, the 25 Sep high. If it chops. Price drifts between 62,000 and 65,400. Nothing to do in the middle. Let price come to the levels. Is this a dip that gets bought, or the start of a bigger pullback? Not financial advice.