Nikkei 225 Wave 4 Complex Correction Ongoing

Mar 4

Nikkei225

Current wave count: From the February 26 high, we are in an impulsive decline,
with Wave 4 correction (triangle, flat, or complex correction) currently in progress.

If we break significantly above the 55,700 zone, other scenarios could come into play,
but based on today’s wave structure, that probability is extremely low.

As long as we hold above this morning’s low, I expect choppy action to continue until around midday tomorrow,
with an upper range around the 57,600s and a lower range around the 53,600s.

Once Wave 4 completes, we’ll see Wave 5 down,
followed by some recovery, and then an even larger decline ahead.

It’s not yet 100% confirmed as an impulse,
but I plan to adjust my positions based on this scenario.

#Nikkei225 #ElliottWave

Mar 4

Note

The possibility that the correction of Impulse Wave 4 is a flat has greatly increased

Mar 5

Trade active

Until it breaks below 55,810 and 55,475,
today might continue trading sideways,
but once those levels break, I'm expecting a decline ⤵️

Bias＆Position
Bearish⤵️