The Japan index has been in a super-cycle corrective pattern since the beginning of 1990 and it is currently finishing primary wave A of a possible triangle pattern . If the end of wave a is confirmed, prices will move up in a counter-trend path, before continue downwards in wave C.
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We changed or wave count due to the last move down in the index from Feb 2020. Primary wave C from cycle wave 2 is under way in its last intermediate wave 5 leg. When the move is complete, a cycle wave 2 will complete and prices will enter a long term trend up in cycle wave 3 up.
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We changed the wave count, but maintained the forecast, see the newer post at