Nikkei broke below moving average and continues to push lower. As long as price is holding below our pivot and 23.6% Fibonacci retracement, a further drop towards 1st support, graphical overlap support zone and long term 61.8% Fibonacci retracement could be possible
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.