NIKKEI a bearish long-term signal


Not the most of encouraging formations for Nikkei as not only is the price struggling to break the 12-year Higher Highs trend-line (light blue zone) and has been consolidating on the 1W time-frame, but the 1W RSI is on its Resistance level too while the MACD printed a Bearish Cross.

Similar occurrences in the past have caused the index to pull-back to the 1W MA50 (blue trend-line) once and the 1W MA200 (orange trend-line) twice.

What about this time?

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