Elliott Wave View: Pullback in Nikkei Should ContinueElliott Wave View of Nikkei (NKD_F) suggests the Index ended the cycle from April 2 low as wave ((3)) at 23630 high. Currently, Index is doing a pullback in wave ((4)) to correct against that cycle. The correction is proposed to be unfolding as a double three Elliott Wave Structure. Down from wave ((3)) high, wave A ended at 22960 low. The bounce in wave B ended at 23325 high. Index then resumed lower and ended wave C at 22840 low. This completed wave (W) in higher degree.
Afterwards, Index bounced higher in wave (X) to correct against the cycle from September 3 high. The subdivision of the bounce unfolded as another double three correction. Wave W ended at 23275 high and wave X ended at 23040 low. Wave Y ended at 23310 high, which also completed wave (X) in higher degree. Since then, Index has resumed lower and broke below previous wave (W) low to confirm that next leg lower in (Y) has already started. The 100-161.8% extension of wave (W)-(X) where (Y) can potentially ends is at 22030-22520 area. If reached, that area should see a reaction for 3 waves bounce at least.
Japan 225
Bitcoin Is Doing Worse Than Major Equity Indexes The Past MonthRupert Douglas, head of institutional sales for crypto brokerage Koine, isn’t ruling out a further drop. “It’s tough right now to say how far BTC retraces,” he told CoinDesk. “My concern is around equities, where I believe tech is in a bubble not dissimilar to 2000,” he added.
The equities markets are mixed Tuesday, with some hopeful numbers out of Asia while the European and U.S. markets are tanking.
Warren Buffett Invests in Japan - Economic War 2020 - CurrencyAs the world watches the USA capital markets squeeze themselves into just 5 or 6 large cap, over-hyped, mania stocks (Tesla, Apple, Amazon, Google, Facebook, Microsoft, etc.), the richest (1%) are avoiding U.S. stocks altogether. Warren Buffett has just announced his buy-ins into Japan (over past 12 months). *Warren Buffett made gained his massive "unrealized" returns by accumulating stocks just after the great depression. He then held pretty much his entire lifetime. I don't believe Warren has an edge at all anymore. The world has moved lightyears ahead of what the baby boomer generation can generally comprehend. Sorry Warren, stash the cash, go enjoy your family. Your best days are behind you.
Invest in small cap USA or watch the USA struggle for years. Sad stuff. DON'T INVEST IN JAPAN LIKE WARREN. Don't live on leverage like the majority. Invest smart. CONTRARIAN.
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Elliott Wave View: Nikkei (NKD_F) Extending HigherElliott Wave View in Nikkei Futures (NKD_F) suggests the Index has just broken above June 5 high, suggesting the cycle from March low remains alive and the Index has resumed higher. The break higher is likely still part of wave ((5)) of the same cycle from March low. Shorter cycle, 1 hour chart below shows pullback to 21705 ended wave (2). Up from there, the Index ended wave 1 at 22655 high. The internal subdivision of wave 1 unfolded as 5 waves impulse Elliott Wave Structure. Wave ((i)) of 1 ended at 22005 high and wave ((ii)) pullback ended at 21800 low. Rally higher in wave ((iii)) then ended at 22405 high, followed by wave ((iv)) pullback which ended at 22340 low. Wave ((v)) then extended higher and ended at 22655 high. Afterwards, the Index did a pullback in wave 2, which ended at 22205 low.
From there, the Index has extended higher in wave 3. Up from wave 2 low, wave ((i)) ended at 22535 high and wave ((ii)) dips ended at 22345 low. Index then extended higher in wave ((iii)) towards 22960 high. The pullback in wave ((iv)) ended at 22670 low. The index can still see another high before ending wave ((v)). This would end wave 3 in the higher degree. Index then could correct within wave 4 before resuming higher again. The latest rally has broken above previous wave 1 high to confirm that the leg higher is already in progress. While pullback stays above 22205 low, expect the dips in 3,7 or 11 swings to find support for more upside.
$NI225 Position Update from Jul 7thAfter experiencing -1.65% of drawdown to the upside, our position gapped into profit by almost 4%, before retracing back towards my entry. I will remain short the NI225, with the entry, stoploss, and target(s) shown going into tomorrow's Asian equity market open. This includes my existing positions in Youzan & Tencent.
Tencent & Youzan Position UpdatesThe remaining of three trades taken here remain open prior to the open of Asian equity market's tomorrow. I've gotten some questions regarding my Chinese holdings, and the Trump ban on Tik-tok. I stand behind these calls and will be holding both and will provide updates on partial closes when taken.
NIKKEI On the road to the Quadruple Top Main items we can see on the chart:
a) The price was on an ascending trendline and at the beginning of 2020 we had a huge bearish movement
b) Since then the price has been rising and re-entered the ascending trendline
c) Currently, we can see a corrective structure (purple lines) and we expect a bullish Resolution IF the price breaks the upper line
d) The Target we will be aiming for is the quadruple top in the historical higher highs zone
e) Another detail to add to the chart is that we have a huge ABCDE Pattern. This type of structure is bullish from a technical perspective
Nikkei wouldn't break out!Hey everyone,
The last time the Nikkei went straight upwards there was huge momentum and strength like a Huracan. Now it's more like summer brise. That's why i don't think the Nikkei leaves the channel (or long lagged triangle). So in my personal oppinion we will see the Nikkei go sideways for a period of time.
I hope that helps!
Please leave a follow, my goal is 200 :)
Will NI225 decide where to go in August ?The index, which continues to rise with the reaction following the fall after Covid-19, is still following its rising channel. However, it has not broken the downtrend, which is shown in red.
Will it be able to test 24600 levels by breaking its downtrend in August with support from its moving averages or will it return to 20700 levels?
Only personal opinions and ideas. Does not include "Legal Investment Advice"...