The Nikkei 225 index has been experiencing a moderate downward trend on the M15 timeframe, with prices oscillating between the 59200 and 59300 levels. The recent candles have formed a bullish engulfing pattern, suggesting a potential reversal towards the upside. Volume has been increasing, confirming the strength of the upward momentum. The price action has also broken above the 59200 resistance level, indicating a possible continuation of the bullish trend. The current setup supports a BUY signal, with the entry point above the 59200 level. The stop-loss should be placed below the 59000 level, while the take-profit target could be…

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