ELLIOTE WAVE LEARNING CORRECTIVE OR IMPULSIVE WAVE
CORRECTIVE WAVE RETRACE 50% FIB LEVEL FROM IMPULSIVE WAVE
#WAVE 4 NEVER ENTER IN TERRITORY OF WAVE 1
#WAVE 3 NEVER BE SHORTEST WAVE
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NIKKEI rejected from demand zone at level 16222 with strong bullish movement
Price rejected now from angle 120 (GANN cycle line) which represents as a resistance level at 18009
It's expected to retest key level and 50% Fibonacci level of preceding bullish wave at 17497
then rebound from lower edge of price channel to target the supply zone at level 18915 which...
Optimism crept back into the market earlier this week, with market participants speculating that cases of 2019-nCoV may peak by the end of February.
However, a revision of the counting methods used to identify infections led to a 15,000 case jump in the Hubei province; with the WHO stating many of these cases date back up to three weeks.
This has seen doubt...
As the US was considering limiting investments in China, the dow dropped more than 150 points. Usually NIKKEI positively correlates with us30. Whenever there is uncertainty in the US the asian stocks tends to suffer as well. Signs in soft data shows investment growth as very weak for JPY. CPI data came out bearish, and USDJPY appreciated as investors flew to us...