Nikkei correction watch: JPN225 ready for a bounce?
Updated
This is a follow up to my previous Idea regarding the Nikkei correction in progress:
Looks wave A of the ABC is nearly complete, but I am expecting one more small dip before wave B up.
It is actually possible that wave A is done and B has started, but I just dont like the looks of wA yet.
It seems the downward momentum should bring about one more small leg of nervous bulls taking profit.
Lets see how this plays out.
Looks wave A of the ABC is nearly complete, but I am expecting one more small dip before wave B up.
It is actually possible that wave A is done and B has started, but I just dont like the looks of wA yet.
It seems the downward momentum should bring about one more small leg of nervous bulls taking profit.
Lets see how this plays out.
Note
And here we are Note
Mu apologies to anyone following this Idea. I SCREWED UP. My support zone was based on the .236 extension, when I should have gone with the .382, because a .618 retrace most often bounces to the .382 extension, and that is what happened. sorry about the f-up 
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