AndyM

NIKKEI is completing a flat correction,substantial selloff ahead

Short
FX:JPN225   Nikkei 225 Index
The topping process in Nikkei has been confusing, but with the latest shootout into 17200s the structure became clear. We had a 9-month-long flat correction which is nearly completed - what's left is to complete the thrust out of the triangle in yellow wave 4 and then the trend should reverse to the downside. Kuroda is speaking this night, so this should serve as a catalist.
Note: all indices are now at a very important turning point. SPX, NQ, RTS, NIKKEI, CAC, DAX - all of them have completed a 9-month long ascent and are now preparing for a very deep dive. Please take note.
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