NIKKEI Elliott Wave Analysis for Friday 27/10/2023In the higher time frame, the primary expectation is that wave (4) is not finished yet. The price action we are seeing after the WXY structure still looks corrective which makes us call for a triple three or WXYXZ structure. In the lower time frame, we have two equally valid scenarios. The wave Z has started and can unfold as either a WXY or ABC structure.
Japan 225
NIKKEI Elliott Wave Analysis for Thursday 26/10/2023In the higher time frame, the primary expectation is that wave (4) is not finished yet. The price action we are seeing after the WXY structure still looks corrective which makes us call for a triple three or WXYXZ structure. In the lower time frame, we have two equally valid scenarios. The way down as a wave Z could have been started. However, we favor the scenario where we first see upside to finish wave X, followed by the wave Z down.
NIKKEI Elliott Wave Analysis for Wednesday 25/10/2023In the higher time frame, the primary expectation is that wave (4) is not finished yet. The price action we are seeing after the WXY structure still looks corrective which makes us call for a triple three or WXYXZ structure. In the lower time frame, we have two equally valid scenarios. The way down as a wave Z could have been started. However, we favor the scenario where we first see upside to finish wave X, followed by the wave Z down.
NIKKEI Elliott Wave Analysis for Tuesday 24/10/2023In the higher time frame, the primary expectation is that wave (4) is not finished yet. The price action we are seeing after the WXY structure still looks corrective which makes us call for a triple three or WXYXZ structure. In the lower time frame, we have two equally valid scenarios. The way down as a wave Z could have been started. However, we favor the scenario where we first see upside to finish wave X, followed by the wave Z down.
NIKKEI Elliott Wave Analysis for Friday 20/10/2023 (+ Higher TF)In the higher time frame, the primary expectation is that wave (4) is not finished yet. The price action we are seeing after the WXY structure still looks corrective which makes us call for a triple three or WXYXZ structure. In the lower time frame, we have two equally valid scenarios. The way down as a wave Z could have been started. However, we favor the scenario where we first see upside to finish wave X, followed by the wave Z down.
NIKKEI Elliott Wave Analysis for Tuesday 17/10/2023In the higher time frame, the primary expectation is that wave (4) has finished after a WXY correction. We had a strong reaction from the reversal areas. However, in the lower time frame, we are missing one more swing up to identify an impulse and the potential start of wave (5). If we do not get the additional swing up, we might still have further corrective price action as a wave (4).
NIKKEI Elliott Wave Analysis for Monday 16/10/2023 (+ Higher TF)In the higher time frame, the primary expectation is that wave (4) has finished after a WXY correction. We had a strong reaction from the reversal areas. However, in the lower time frame, we are missing one more swing up to identify an impulse and the potential start of wave (5). If we do not get the additional swing up, we might still have further corrective price action as a wave (4).
NIKKEI Elliott Wave Analysis for Tuesday 10/10/2023The primary expectation is that wave (4) has finished after a WXY correction. We are in the areas from where we can reverse. We are looking at two scenarios on the lower timeframe. The first scenario identifies a complete structure. In the second scenario, two more swings are missing. A failure of both scenarios on the lower timeframe is an indication of a bearish scenario in the higher timeframe
NIKKEI Elliott Wave Analysis for Monday 09/10/2023 (+ Higher TF)The primary expectation is that wave (4) has finished after a WXY correction. We are in the areas from where we can reverse. We are looking at two scenarios on the lower timeframe. The first scenario identifies a complete structure. In the second scenario, two more swings are missing. A failure of both scenarios on the lower timeframe is an indication of a bearish scenario in the higher timeframe.
NIKKEI Elliott Wave Analysis for Friday 06/10/2023The NIKKEI is doing a wave (4) correction as a WXY. Currently, we are working on the Y leg as another wxy structure. We are in the areas from where we can reverse. We are looking at two scenarios on the lower timeframe. The first scenario identifies a complete structure. In the second scenario, two more swings are missing.
NIKKEI Elliott Wave Analysis for Thursday 05/10/2023The NIKKEI is doing a wave (4) correction as a WXY. Currently, we are working on the Y leg as another wxy structure. We are in the areas from where we can reverse. We are looking at two scenarios on the lower timeframe. The first scenario identifies a complete structure. In the second scenario, two more swings are missing.
SELL USDJPY H4 WedgeUSD/JPY - H4 Chart - Rising Wedge Pattern formation
Price need to Break the Trendline and Retest wedge Pattern and
after strong Reversal formation, we take entry.
Always wait for strong Conformation in Short term for entry. 👈👈👈
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FRED Are Done Raising Rates -- Raise Rates? Japan Collapses.
Japanese Currency Strength is back to 1987 levels
Japan is the main source of YCC for the USA buying down bond Yields
If USA raises rates any more Japan will be in free fall collapse (hyperinflation)
They need to pause at worst start reducing rates.
My guess?
Money printer is coming back and will come back fast to save the Yen, this is not just a "Asian currency" this is the single weak point for the entire US bond system if the Yen goes the US bond yields go ^^^^^^^^^^^^^^^^^^^^^
Japan cannot tap out and raise rates, Japan cannot ditch the Yen and adopt the US Dollar, Japan is in some serious trouble here.
All Japan can do is continue to issue "Stimulus Packs" that is making the M3 go parabolic that leads to serious inflation. Now what happens when a country issues unlimited Stimulus Packs and cannot raise interest rates?
NIKKEI: Bull Flag broken upwards. Target 34,000Nikkei crossed over its late three month Channel Down pattern which according to the almost +30% rise that preceded it, may be the Bull Flag that technically follows and transitions into the next rally. The 1D technical outlook already turned bullish (RSI = 58.030, MACD = 173.400, ADX = 33.840) and as the 2021 fractal, targets the R1, or at least a little under it (TP = 34,000).
See how the 1D MA100 supported the downtrend on the August 17th bottom and shortly after a Bullish Cross on the 1D MACD followed.
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NI225 Local Short! Sell!
Hello,Traders!
NI225 broke out of the
Opening wedge pattern and
Went up but the path above
Is now blocked by the resistance
Level of 33,757 and I doubt that
It will be broken with the fist
Attempt so a local correction
From the level is to be expected
Sell!
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NIKKEI INDEX, Holding Important Levels, This Is Possible Now!Hello Traders Investors And Community, welcome to this important analysis about the NIKKEI 4-hour timeframe perspective, recent events occurred, the current formation-structure, what is possible within this environment, what we can expect when the proper scenario has confirmed rightly. In the last weeks almost all major world indices seem to recover from the heavy corona-breakdowns marked this year but the big question now will be if these recoveries are sustainable or if there are coming bigger pull-backs when not a continuation of the bear-action established this year ahead. In the NIKKEI I found some interesting and meaningful signs how further development will proceed which will have an impact on the outcome.
As you can examine when looking at my chart is that the NIKKEI is building up this triangular-formation marked with the orange triangle in my chart which is building coherently up by the falling resistance line you can watch marked in light-blue and the lower boundary of the rising channel the NIKKEI is forming here. Not only these levels building the symmetrical triangular formation which can break either to the up or downside here but also the confirmed touches of the lower and upper boundary and the several touched of the 60-EMA marked in red which is a significant factor in this range holding the overall trend to the upside, when this EMA is broken to the downside it will cause great bearish pressure, therefore, it is highly necessary to hold this EMA.
Taking all these factors into consideration and the fact that NIKKEI has not yet confirmed below the 60-EMA and therefore holding above it and the lower boundary a bullish breakout is more possible than a bearish breakout which will confirm with a 65 % possibility better as the bearish with a 35 % possibility, to make this breakout sustainable it is from high importance that the NIKKEI closes above the upper boundary with a protracted and stable move to confirm it in the right manner. When the breakout happens it can be traded conservatively after a pull-back, although the immediate entry in the triangle is also possible here it should not be kept as the best option as the triangle has still not confirmed so far the conservative trade should be smarter.
In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you!
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