NIKKEI - Elliott Wave
Updated wave counts.
Wave 4 completed, heading to complete wave 5 = wave (5) = wave ③
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.
Note
31800, end of wave (ii). Buy opportunity.Note
Plan for wave ①. Invalid if new low in 1D.Note
TOPIX is testing the high, but Nikkei is still performing better.Note
If the channel doesn't break, a retrace starts. buy level, 32150/32200 area.Major SQ this Friday, possible "short sell" ?!?
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.