Nikkei 225 Short Idea Update

Price has moved horizontally since my previous short call on this index. The movement has formed into a descending triangle and as we moved into the apex, we might want to look at entries from the descending trendline or the breakdown trendline (2 red down arrows).

A short-term stop loss around 39420 will trigger a review of this idea.
Elliott WaveFibonacciTriangle

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