JP225 4H: Bearish Shift Below 200EMAJapan 225 IndexPURPLETRADING:JP225LIVERMORE333JP225 4H: Bearish Shift Below 200EMA ■ Current Status A 4H EMA dead cross occurred on Aug 19, and the EMA cluster is now sloping downward. Crucially, the price has broken below the 200EMA (thick red line), our long-term line of defense. This shifts the technical landscape into a "sell the rally" environment. ■ Strategy While we are currently seeing a relief bounce from oversold conditions, I expect the yellow circle area (confluence of EMA 20/50 and the 200EMA) to act as heavy resistance. Selling near the Aug 19 swing high (~66,864) remains the primary setup. Monitor the 65,423.98 support closely; a clean break here would signal a structural breakdown and further downside. ■ Conclusion "Sell the rally" is the main scenario. If rejection is confirmed near the yellow circle, I am targeting the 65,400–64,800 zone. JP225 shows significant relative weakness compared to US500, suggesting limited upside on any bounces. #JP225 #Nikkei225