Japanesepattern
Japan Inflation Overview JAPAN CPI
Japan Headline and Core CPI for Sept both came in lower than expected.
Japan Headline CPI:
YoY – Actual 3.0% / Exp. 3.2% / Prev. 3.2% (green on chart)
Japan Core CPI:
YoY – Actual 4.2% / Exp. 4.3% / Prev. 4.3% (blue on chart)
The chart below illustrates that Core CPI appears to be plateauing with Headline CPI decreasing from 4.3% to 3% since Jan 2023. Similar to the Eurozone chart you can we are long way from the moderate levels of inflation between -1.5 – 1.5% from 2015 – 2020 below.
Japan’s economy contracted by 2.1 per cent during the third quarter of 2023, following an expansion in the previous two quarters. Analysts fear the country might slip into a recession. The contraction was sparked by a combination of sticky core inflation holding close to its 4.2 – 4.3% ceiling since May 2023, the slowing of exports, and low pay rises that appear to have led to weak domestic consumption.
“Given the absence of a growth engine it wouldn’t surprise me if the Japanese economy contracted again in the current quarter. The risk of Japan falling into recession cannot be ruled out.” - Takeshi Minami – Chief Economist Norinchuckin Research Institute
Ichimoku Waves + Japanese PatternExample of how to combine Ichimoku Wave with Japanese patterns.
Important Notes:
The best practice is to calculate waves or J-Patterns in a Daily chart (It Can Be Done in 4H)
find the targets in the Daily or 4H chart for Long Term Trades
Use a lower time Frame for Swing or Scalp Trading
Remember that after a series of J-Patterns, the P & Y will appear to change the cycle(Trend), Or enter the new Zone, and continue the Bullish or Bearish Trend.
JAPANESE PATTERNS Pattern V:
V = B+(B-C)
Each leg looks like i,
V pattern appears after sharp bullish or bearish moves without swing.
The second leg should not create a low below the low of the first leg.
Pattern N:
N = C+(B-A)
The most popular and most used between Japanese patterns.
No Risk: C should not come below 50% of the distance between A & B
SL: Below 50% of A & B
Best Entry: after C wave break B Resistance
Pattern E:
E = B+(B-A)
The Longest pattern between Japanese Patterns,
A to B was created by a series of swings and bars
No Risk: C should not come below 50% of the distance between A & B
SL: Below 50% of A & B
Best Entry: after C wave break B Resistance
Pattern NT:
NT = C+(C-A)
The Shortest Pattern Between Japanese Patterns.
No Risk: C should not come below 50% of the distance between A & B
SL: Below 50% of A & B
Best Entry: After C wave break B Resistance
SUCCESSFUL PROFIT RECAP — DARK CLOUD I had made a post yesterday (03-02-2021)
regarding a “dark cloud cover” pattern on AAPL.
Today AAPL was bearish throughout the day dropping about -4 Points 3ish%
All today was besides a pattern following through was a CONFORMATION!! AAPL expected to drop even more tomorrow (03-04-2021) held profits from today totaling about 230% ROI and selling intraday tomorrow , I was so confident in this pattern i bought halfway through the creation of yesterday’s candle which is usually not a good idea and around market open TODAY i had sold my position just to double down with more capital... Today was a good trade to be lined up for tomorrow as well, Message me for any questions. GOOD LUCK AND GET IT!!