Nikkei index pull back pathway: JPN225 with ABC retrace?
Updated
Possible pathway for the Nikkei index to complete retrace.
Anticipating an ABC correction toward the wave 4 of uptrend.
As usual, the Red zones represent resistance and Green are support.
Once such a zone is broken, it often turns the opposite, as you know.
Anticipating an ABC correction toward the wave 4 of uptrend.
As usual, the Red zones represent resistance and Green are support.
Once such a zone is broken, it often turns the opposite, as you know.
Note
Update: thus far we have had perfect reactions to the zones I had anticipated Note
Nikkei following the path quite precisely thus far. And it looks like the first path is more likely
Upon closer inspection, the original target for (B) still looks plausible
Note
Watching this green zone. If it bounces at or higher, then it remains very bullish. If it breaks, then I will evaluate further. London Open is in 2 hours or so, lets see how it plays out from here. Note
Still on course thus far Close inspection shows the new fib/rhythm it is observing
Then when I fib the latest down move, we see that it smacked into the 3.618 extension and is resting
Note
Nice, Fibs DONT lie. Exact bounces at each zone as defined by the ''founding fib'' of the wave down Note
I have posted an updated plan here 
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