The Nikkei is rising strongly during this week's trading

The Japanese Nikkei rose on Wednesday for the fourth day in a row, as we mentioned here in the weekly analysis video.

He is looking forward to reaching the display levels that start near the 40000 levels, especially with the completion of the bat harmonic model near the display area that starts from 40000 to 40300.

It is possible to start selling near the supply levels shown directly or wait for a reflexive confirmation candle from this cluster, especially since this week we will have a Japanese interest rate decision and expectations indicate a 25 basis point rate hike.

This scenario fails if the 40500 levels break higher.