Nikkei225: Bearish on X Wave Ahead of US CPI | Elliott WaveNikkei225
Tonight, if the US falls as expected:
Zigzag A-B-C rise from the 3/9 low
(C wave is an Ending Diagonal with 5th wave Failure)
Now in corrective decline. If it develops into a double zigzag, we are currently in the X wave.
Levels I'm watching:
・53,900 area (first hurdle)
・53,450 area
・52,500 area
If we break significantly below 52,151,
it could develop into a large double zigzag decline from the 2/26 high
— so pay attention only to that.
(Watching today's US Feb CPI release)
Bias & Position
Bearish
Nearest Invalidation Point: 55,263
(This would negate the double zigzag decline)
#Nikkei225 #ElliottWave
Japan 225 Index
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Nikkei225 15min: Critical Level at 53,821 | Elliott WaveNikkei225
The pullback from the 05:00 session has been slightly deeper than initially expected.
If price breaks below 53,821, we could see a move down to the 53,300 area.
That said, the 53,600 zone acted as unusually strong support on March 3rd and 4th, so there’s a solid chance the decline finds a bottom around there.
If we hold above 53,821 and break above 54,454, the path of least resistance turns higher.
Should it break lower instead, expect a little more downside probing.
Either way, a rebound looks probable in the near term.
However, because a clear impulse wave has developed from the February 26 high, any rally up to around 56,600 is likely to be corrective in nature — with a more substantial decline expected to follow.
This is my current view.
#Nikkei225 #ElliottWave
Nikkei 225 Wave 4 Complex Correction OngoingNikkei225
Current wave count: From the February 26 high, we are in an impulsive decline,
with Wave 4 correction (triangle, flat, or complex correction) currently in progress.
If we break significantly above the 55,700 zone, other scenarios could come into play,
but based on today’s wave structure, that probability is extremely low.
As long as we hold above this morning’s low, I expect choppy action to continue until around midday tomorrow,
with an upper range around the 57,600s and a lower range around the 53,600s.
Once Wave 4 completes, we’ll see Wave 5 down,
followed by some recovery, and then an even larger decline ahead.
It’s not yet 100% confirmed as an impulse,
but I plan to adjust my positions based on this scenario.
#Nikkei225 #ElliottWave
NIKKEI Bullish Bias! Buy!
Hello,Traders!
NIKKEI swept sell-side liquidity into a strong demand zone and reacted with bullish momentum. If buyers continue defending this level, the move may extend toward the next buy-side liquidity above. Time Frame 6H.
Buy!
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Japan 225 in 2026: What the Index Structure Is Actually Telling The Japan 225 is not just a equity benchmark. It is a macro signal — one that reflects currency dynamics, export sector health, and monetary policy divergence simultaneously. In 2026, all three of those variables are live and moving.
The Yen Factor
No analysis of the Japan 225 is complete without the yen. The relationship is structural: a weaker yen inflates the export earnings of Japan's largest listed companies when repatriated, which supports index valuation. A strengthening yen compresses those earnings in the opposite direction.
In 2026, the Bank of Japan's gradual exit from ultra-loose monetary policy has introduced genuine yen volatility for the first time in years. That shift matters directly for the index. Traders watching Japan 225 without tracking USD/JPY are missing half the picture.
Export Sector Sensitivity
The index is heavily weighted toward export-driven industrials, automotive, and technology manufacturers. This creates a specific sensitivity profile: global demand conditions, particularly from the US and China, feed directly into earnings expectations for the index's largest components.
Slowdowns in either market compress Japan 225 more sharply than a domestically-oriented index would experience. That concentration is a risk parameter, not just a sector note.
Monetary Policy Divergence as a Trading Variable
While the Federal Reserve holds rates at restrictive levels and the Bank of Japan moves cautiously toward normalization, the interest rate differential between the two economies remains significant. That differential continues to influence carry trade dynamics that flow directly through JPY — and by extension, through Japan 225 valuations.
When that differential compresses, yen strengthens, and the index faces headwind. When it widens, the opposite condition applies. Monitoring central bank communication from both sides of that equation is practical risk management, not academic exercise.
What Traders Should Watch
Three variables define Japan 225 positioning in the current environment:
USD/JPY direction — the single most correlated external variable to index movement
Global manufacturing PMI data — a leading indicator for export sector earnings expectations
Bank of Japan policy tone — any hawkish surprise reprices yen and index simultaneously
Japan 225 rewards traders who understand its macro wiring. It punishes those who treat it as a simple momentum play.
💡 Tip: Before entering a Japan 225 position, check USD/JPY trend direction first. Currency and index alignment strengthens the trade thesis. Divergence between the two is often a warning signal worth respecting.
Nikkei 225: Strategic Short, Tactical LongOver here, I go through in detail the entire wave structure of Nikkei from the bottom of the Global Financial Crisis and goes in-depth to the final wave up (i.e. 5th of 5th of 5th wave).
I talked about using Fibonacci Extensions to confirm the peak, as well as completions of 5th wave structure across multiple degrees.
Lastly, I go through on the most recent wave down, the wave structure, and then how to trade this. On the strategic long-term, we are already in a bear market but short-term wise, for more active traders, we can explore tactical short-term longs before we re-enter our shorts.
I will publish this idea as a short because of the big-picture count.
Thank you, and Good luck!
Nikkei225 Zigzag from Feb 26 High – Break Above 56,618 KeyNikkei225 (Zigzag Pattern from Feb 26 High)
If we break above this morning's high of 56,618,
the zigzag pattern from the February 26 high becomes dominant.
In that case, we are currently viewing this as
the 3rd wave (or possibly 4th wave) of a leading diagonal after the zigzag completion.
#Nikkei225 #ElliottWave
Nikkei 225 rebounds after bulls defend key support zoneOur Nikkei 225 contract bounced strongly overnight after bulls successfully defended a key support zone comprising the April 2025 uptrend, 50DMA and horizontal support at 54500, seeing the contract lift back to former horizontal support at 56500.
With no obvious signal from the oscillators, the proximity to this level provides a decent entry point for trades, depending on how the price action evolves today.
If the price remains capped beneath it, shorts could be set with a stop above, targeting any of the levels noted in the support zone outlined earlier. But if the rebound can extend beyond 56500, longs could be set above with a stop below, targeting 57700 initially and, beyond that, the record high of 60051 set only last week.
It’s probably worth noting that supply disruptions to energy products caused by conflict in the Middle East have not gone away, with Wednesday’s risk rally sparked by a days-old report that was later refuted by the Iranians.
Markets didn’t care, but it shows the mindset out there right now: traders will latch onto any good news, no matter how spurious, while fading anything bad. That’s as decent a playbook as any right now on how to approach setups involving riskier asset classes.
Good luck!
DS
JPN225 H4 | Falling Towards Pullback SupportBased on the H4 chart analysis, we could see the price fall to our buy entry level at 57,748.54, which is a pullback support that aligns with the 61.8% Fibonacci retracement.
Our stop loss is set at 56,220.26, which is a pullback support.
Our take profit is set at 59,975.45, which is a pullback resistance.
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JPN225 H4| Bullish BounceThe price is falling towards our buy entry level at 57,697.08, which is a pullback support.
Our stop loss is set at 56,226.22, which is a pullback support.
Our take profit is set at 59,954.08, which is a swing high resistance.
High Risk Investment Warning
Stratos Markets Limited fxcm.com Stratos Europe Ltd fxcm.com
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC fxcm.com Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
Stratos Trading Pty. Limited fxcm.com
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com
Nikkei 225 Hourly: Bearish Bias Targeting 56.3k Nikkei225 1H Chart Count Update
Complex movement continued after the February 26 high of 60,050, but with geopolitical risks reigniting, the wave direction has now become much clearer 📉
Bias & Position
Bearish ⤵️⤵️⤵️
I see a zigzag (A)-(B)-(C) forming from the 60,050 high.
A break below 58,127 at Monday’s open should open the door to the 56,300 zone.
※ If it breaks significantly below 56,300, next target would be around 54,400.
After completion, I expect a strong reversal that slightly exceeds the 60,050 high again.
However, a decisive break below 53,900 would warrant caution for a deeper decline — though probability remains extremely low at this stage.
Invalidation Point: 60,050
#Nikkei225 #ElliottWave #GeopoliticalRisk
Nikkei 225: Flat (C) Wave 5 Decline Targeting 53,939Nikkei225
I currently see the index in the 5-wave decline of the flat (C) wave, starting from today's 15:45 high at 55,759.
This flat (C) 5-wave can unfold as:
- A diagonal (more complex and grinding lower), or
- An impulse wave (sharp drop).
Either way, I expect it to definitely touch the March 6 low at 53,939.
Beyond that it's still unclear, but I think we may find initial support around the 53,600 zone. Even if it breaks into the 52,000 area, I believe strong bottoming action will emerge.
Therefore, once 53,939 is touched:
- Take profit on shorts and look for long entries, or
- If the decline accelerates, keep the short and add a long hedge (two-way position).
Immediate invalidation level: 55,759
Quick update.
#Nikkei225 #ElliottWave #TradingView
NIKKEI SWING LONG|
✅JAPAN 225 continues to respect the rising trendline after a recent liquidity sweep, maintaining a clear bullish market structure. If buyers defend the trendline, continuation toward the next liquidity pool above remains likely. Time Frame 2D.
LONG🚀
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Nikkei 225 Wave 5 Ending Diagonal Forming | Target 53,800-53,600Nikkei225
Good morning!
Crude oil remains stubbornly high, doesn't it?
I believe the market is starting to price in the current war (Iran-related military conflict in the Middle East) as a medium-to-long-term ongoing situation with high probability.
From the Feb 26 high, the impulse pattern has become quite dominant.
We are currently in a descending impulse wave 5, with wave 5 forming an Ending Diagonal.
First, it should touch the end of wave 1 at 55,153, followed by the near-term target of 53,800–53,600.
Invalidation level: 55,852 (end of diagonal wave 2)
#Nikkei225 #ElliottWave
Nikkei 225 - Looking for Completion LevelsCounting waves and assessing technical potential. Here’s what we see:
March 2009 - January 2018 - Wave 1 (range ≈ 17,400)
January 2018 - March 2020 - Wave 2
March 2020 - July 2024 - Wave 3 (range ≈ 26,100)
July 2024 - April 2025 - Wave 4
April 2025 - present - Wave 5 (already advanced ≈ 23,500)
Breaking down the current fifth wave:
We are also forming a fifth sub-wave within it.
Most probable targets for wave completion:
58,400
60,200
or within this range
Estimated upside potential from current levels: 8 - 12 %.
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Decision Day Arrives at Former Record HighsDecision day has arrived for Nikkei 225 bulls.
The bullish breakout we were looking for played out nicely earlier this week, resulting in a violent move above the former record highs. However, in the period since, price action has turned decidedly cautious, likely reflecting the prevailing geopolitical backdrop involving Iran and the United States, along with just how far the index has already run. Month end may also be a factor.
So, the bulls have a choice: defend the former highs or step back and let Thursday’s reversal extend further.
If the bulls do step in, longs could be established above the former record high at 58,586 with a stop beneath the level for protection, targeting a retest of the highs set on Wednesday. If the bulls step back, the door opens for the setup to flip, with shorts established beneath 58,586 with a stop above, targeting either 57,700, 56,500 or the 2026 uptrend.
The message from the oscillators favours a bullish bias, although both RSI (14) and MACD look a little toppy, providing a cautionary signal to bulls that the strength behind the move may be starting to ebb. I’d be more inclined to take my cues from price action in the current environment rather than hold a fixed directional bias.
Given the index has demonstrated a relatively tight relationship with moves in USD/JPY this week, with the correlation coefficient sitting at 0.91, keep an eye on Tokyo inflation data released at 8.30am local time on Friday. It’s likely to be soft given weakness in energy prices, disinflation in food items and some government subsidies, but markets expect that.
An undershoot in the key core and core-core measures would likely soften the yen, potentially assisting the case for Nikkei longs relative to shorts. The opposite is true should the data overshoot The core ex-fresh food measure is seen printing at 1.7% relative to a year earlier, down from 2% in January.
Nikkei 225: FX tailwind fuels breakout pushWith a strengthening positive correlation with USD/JPY, a bullish breakout from the bull pennant it had been coiling within and increasingly bullish signals from the oscillators, the prospects for a run towards the record highs for our Nikkei 225 contract look to be improving.
If we see a retest and bounce from former resistance at 57,700, it would allow for longs to be set with a stop beneath for protection, targeting the record high at 58,570. The prospects for the setup would likely improve should we see additional upside in USD/JPY, which is currently testing a key resistance zone overhead.
Good luck!
DS
Nikkei 225: FX tailwind fuels breakout pushWith a strengthening positive correlation with USD/JPY, a bullish breakout from the bull pennant it had been coiling within and increasingly bullish signals from the oscillators, the prospects for a run towards the record highs for our Nikkei 225 contract look to be improving.
If we see a retest and bounce from former resistance at 57,700, it would allow for longs to be set with a stop beneath for protection, targeting the record high at 58,570. The prospects for the setup would likely improve should we see additional upside in USD/JPY, which is currently testing a key resistance zone overhead.
Good luck!
DS






















