NIKKEI 5-month pattern points to a rise to 47300

Nikkei (NI225) has been trading within a 5-month Channel Up and is on its latest Bearish Leg since the September 19 High.

As you can see, the index has had another 4 such pull-backs within this pattern, all of which touched the Buy Zone and the 1D RSI Support Zone before initiating the new Bullish Leg.

All Bullish Legs have peaked on their 1.786 Fibonacci extensions. As a result, our Target on the medium-term is 47300.

-------------------------------------------------------------------------------

** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **

-------------------------------------------------------------------------------

💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇