Nikkei225 forms head and shoulder pattern,go short below neckline

• Pattern Formed - Head and shoulder .
   
• Major support - 18867 (100- day EMA)..
   
• Major resistance - 19364 (61.8% retracement of 19669 and 18867).
   
• Nikkei has declined after showing a jump till 19200 yesterday. The index broken 19000 level and declined till 18878. It is currently trading at 18978 at 0.16% higher.
   
• The index formed head and shoulder pattern in hourly chart any break below neckline at 18870 will confirm bearish continuation.
   
• USD/JPY  declined after jumping till 112.19 and any break above 112.20 (100- day EMA) confirms further bullishness. Minor weakness can be seen below 110 level.It is currently trading around 111.35.
   
• On the lower side , 18867 (100- day MA) and any break below will drag the index till 18650/18230..
   
• •The major resistance is around 19365 (61.8% retracement of 19669 and 18867) and any break above will take the index till 19600/19698.The minor resistance is around 19030/19200.

It is good to sell below 18870 around with SL around 19030 for the TP of 18635/18500