Chart of the day

Nikkei is reaching a strong upside resistance of 34000 after the break above 30800. A break above this resistance would mark the breakout above the uptrend line that is capping the upside from 2015

A break below 32800 the most recent short-term uptrend line is required to confirm that the long-term upside five waves are in termination and the minor five waves of the long-term fifth wave are finished. A break above 34000 is required for the invalidation of the five waves down reversal. If we do not see a break below 32800 we can see another test of 34000 short-term, either way, we are expecting these 5 upside waves short-term in the rising wedge to be finished.

Long trades, you should open only upon a confirmed break above 34000. Short trades you can open here with the stop loss above 34000 or upon the confirmed break below 32800 if you are a more conservative trader. Be patient and careful both intraday and long-term as this is a wedge that is narrowing for a break soon