goo.gl Why I believe Bloomberg, MarketWatch and others have it all wrong.
Nikkei 225 has not officially entered correction! Japan's index may simply be resuming its 20-year downtrend found at the monthly chart.
What do you think?
Base on my analysis about S&P500. If I bet on the bearish trend of S&P500, the result of Nikkei225 is act in the same way because Nikkei225 and S&P500 has a strong correlation.
Moreover, look at on the chart, there are lot of signals for sell of Nikkei225 now. all main indicators also show the same result: Strong divergence occurs.
Thus, I believe Nikkei225 will...
Price is oscillating within PRZ after bearish shark completion. RSI crossed 70 level from above and is heading down. I guess we can see some price downswing.
Starting a new impulse wave. Note that EW contracting triangle e wave was already complex, while only one of those waves inside of contracting pattern can be complex fifth wave should be running now. This is daily chart, but contracting triangle appears also in monthly chart. Upcoming
QE Japan to power this.
