Japan is expected to work out a deal (and I think it will happen).
The momentum in the Nikkei is very strong right now.
I am expecting some profit taking soon, then continuation up.
The only question in my mind is: WHICH path to new ATH (All Time High) will it take?
Or maybe I am way off (I know nothing about Japan stocks) but lets see
Still plausible that my target for retrace-to-bounce (grey) will be reached, and the new fibs for possible ABC wave line up nicely. The overall rhythm still looks to be in tact.
Perfect ping of t he expected support zone. But ALAS, I was not expecting such a sudden drop, more like a slow corrective triangle or something.
So I think it will drop lower, but lets see.
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