IvanLabrie

Nikkei: Top projection

Short
FX:JPN225   Nikkei 225 Index
Brief EW analysis of the Nikkei index suggests we're at the top, or close to it.
As per my USDJPY /Nikkei chart, the area above is a very strong quarterly chart resistance.
A move above 23155 would invalidate this scenario, making wave 3 the smallest.
Just something to keep in mind.
Good luck!
Trade closed: target reached: Spot on.

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