NIKKEI has up to 10% more upside. Because why not??

FX:JPN225   Nikkei 225 Index
I had a more detailed look at Nikkei this morning, it may sound ridiculous but Nikkei may easily have a 10% upside opportunity. There is still one relatively large wave 5 incomplete so looks like we are in for a couple extra months of growth.
The target may be at approx 22600 which is 1.382 of .
Maybe, do I spy 5 waves up in the 4h chart?

Maybe it's a corrective ZZ?

Posted a chart. I'll fade any rally here.
AndyM IvanLabrie
Do you mean, the 4H chart of JPY225?
I think this may be an X wave up, the reason is because the prior C wave down had more momentum than A - this usually causes X waves to appear.
IvanLabrie IvanLabrie
IvanLabrie IvanLabrie
Maybe wave 2 of the decline?
That sure looks like a significant top and I'm short gbpcad, gbpnzd and gbpaud already...
AndyM IvanLabrie
I don't trade the complex crosses - for NIKKEI I think the definitive reversal has not hapenned yet, the growth just doesn't look complete yet. I saw just three waves down, but not a full-proof impulse. I may be wrong of course, this is why I want to see what other development may happen with other indices for the next 2 weeks. But given the speed at which SPX recovered after Greece event it really seems the optimism is still there - which is supported by the wave count of Europe as well.
Well, that would favor my longer term diagonal.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out