SP for now unchanged from the main analysis. Still the target is 2700-2000 with an emphasis on around 2000.
I see the current increases as a correction in the downtrend. I currently have four stop levels: Now, 3940, which is the old range of wave N, largest wave in the entire decline;
4040 – the second range of wave N of the current increases;
4137 – KIJUN W1; very strong resistance.
4220-4270 – the third and fourth ranges of wave N; TENKAN MN1 and the cloud on W1.
At each of the levels I will try to take a position – if I am not on any other indices – after confirmation from the lower intervals. The level I am most interested in is 3, except that I don't want to succumb to the 'best level' emotion so as not to miss the opportunity.
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