Very Strong run on the Nikkei Index after the Triangle(abcde) break_out, with recently, some signs of fatigue.
Potential AB=CD from 16/5/2014 Low. (Daily time_frame View)
Three drives potential pattern(Non-ideal), possible short term topping formation with Elliot Wave Ending Diagonal characteristics. ( converging Wedge )
Potential mean regression to Uptrend_line, possibility.
Below 20 sma(H4), with bearish divergence on the Daily RSI and MACD, Lower Daily candles.
With Fibonacci Weekly pivots.
This is counter Trend idea, so adds to risk. ( HH - HL formation intact )
Potential AB=CD from 16/5/2014 Low. (Daily time_frame View)
Three drives potential pattern(Non-ideal), possible short term topping formation with Elliot Wave Ending Diagonal characteristics. ( converging Wedge )
Potential mean regression to Uptrend_line, possibility.
Below 20 sma(H4), with bearish divergence on the Daily RSI and MACD, Lower Daily candles.
With Fibonacci Weekly pivots.
This is counter Trend idea, so adds to risk. ( HH - HL formation intact )