【Nikkei 225 (JAPAN225CFD) - 4H Chart】
From the April low last year:
Double Zigzag W-X-Y completed on November 4
→ Large Flat correction A-B-C now in progress
→ Currently, from the November 21 low as the starting point:
Inside the Flat B-wave Double Zigzag (w)-(x)-(y),
likely in the (y) wave's a-wave impulse (wave 3 rising)
→ Provisional target for the current a-wave impulse: 58,800–58,900
→ After a-wave ends → b-wave correction → c-wave target: 59,500–59,600 (provisional)
→ Bias & Position: Bullish continuation
Monitoring correlation with US indices and will keep updating.
Last night’s surge makes this pattern currently the highest-probability scenario
in my view.
#ElliottWave #Nikkei225 #Nikkei #StockMarket #Trading
From the April low last year:
Double Zigzag W-X-Y completed on November 4
→ Large Flat correction A-B-C now in progress
→ Currently, from the November 21 low as the starting point:
Inside the Flat B-wave Double Zigzag (w)-(x)-(y),
likely in the (y) wave's a-wave impulse (wave 3 rising)
→ Provisional target for the current a-wave impulse: 58,800–58,900
→ After a-wave ends → b-wave correction → c-wave target: 59,500–59,600 (provisional)
→ Bias & Position: Bullish continuation
Monitoring correlation with US indices and will keep updating.
Last night’s surge makes this pattern currently the highest-probability scenario
in my view.
#ElliottWave #Nikkei225 #Nikkei #StockMarket #Trading
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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.