Japan stocks remind me the most of this time in 1975, which marked a bottom. It’s not identical at all. Just the closest I could compare it to. It’s at all time highs and after a year or so of consolidation. The thing is now looks even better for a textbook W reversal up now. It’s a striking pattern really you can clearly see it. I wouldn’t be surprised if it makes more spikes back down though also before resuming an upward trend.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.