AndyM
Short

NIKKEI is completing a flat correction,substantial selloff ahead

FX:JPN225   Nikkei 225 index of Japanese listed shares
260 3 7
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.
wsbza PRO
2 months ago
agree, i have been waiting for this potential trend reversal for quite some time
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Welshman99
2 months ago
Great stuff Andy thanks, have been struggling with the wave structure for a long time and now it makes sense. Appreciated
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AndyM PRO
a month ago
here's an alternative ending: we may be dealing with an ending wedge in w5 of C. The result will be more or less the same, but one extra upswing is possible.
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