NIKKEI still on a corrective wave 4, waiting on the break of the bearish channel. Nice divergence since febuary.
Comments
Olu
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According to your chart and EW labeling this index is about to fly. So I don't understand your description of corrective wave 4
TAS_is_Goliath_Capital_Growth
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Would be looking at something like this
Olu
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I see what you mean. Perhaps a little retracement before a strong takeoff
TAS_is_Goliath_Capital_Growth
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Yes, I think so, but one that will last for several weeks. And That wave 5 will have 5 waves in itself
Olu
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The implications of this idea is multi-faceted. The Nikkei rallying means stock markets in general are going up too. I will be watching this index for a place to get long for the longer term
TAS_is_Goliath_Capital_Growth
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Olu, please make sure do do your analysis aswell, and maybe even share it here, feel free. Don't go long just because you see someone elses chart. I've seen your charts and it looks like to know what you are doing, so feel free to share your chart here so that other people can see different ideas.
Olu
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Thanks for the advice TAS. I always do.
TAS_is_Goliath_Capital_Growth
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Thanks, Safe trading
Bull_Trader123
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I never really touch this things, what makes them move?
The fundamentals
TAS_is_Goliath_Capital_Growth
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Indexes are a basket of stocks of companies. Here you have a basket of 225 company stocks. If those stocks are going up, the index goes up, if the companies stocks go down, Index goes down. If some go up and others down, index goes sideways.