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Nikkei 225 Index
Long

NIKKEI - Elliott Wave

By Mas
Updated
Updated wave counts.
Wave 4 completed, heading to complete wave 5 = wave (5) = wave ③
Trade active
Tough to target at the moment but technically:
161.8% of wave ①, 76.4% of wave 1-3.

Watch out the level such as 88.6% of entire retrace.
After this wave, expecting major sell, wave ④, to form a major Cup and Handle.
Comment
31800, end of wave (ii). Buy opportunity.
Comment
Plan for wave ①. Invalid if new low in 1D.

snapshot
Comment
TOPIX is testing the high, but Nikkei is still performing better.
snapshot
Comment
If the channel doesn't break, a retrace starts. buy level, 32150/32200 area.
Major SQ this Friday, possible "short sell" ?!?
snapshot
Trade closed: target reached
Nikkei 225 CFDWave Analysis

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