NIKKEI - Elliott WaveUpdated wave counts.
Wave 4 completed, heading to complete wave 5 = wave (5) = wave ③
JAP225 trade ideas
JAPAN 225 Super Cycle wave B TOP the last hours 34980The chart posted is that of the japan 225 we are nearing the Completion of the 5 waves up This should be a worldwide TOP the fib relationships are Wave A times 2.618 to = Wave C for wave B or wave 5 of III best of trades WAVETIMER
NIKKEI Analysis: High of 33 YearsThe Japanese stock market index, made up of shares of 225 companies, is showing high volatility today, attempting to break through the September high. Reuters wrote that the index had reached its highest level since 1990. The record is due to low rates from the Bank of Japan, which are helping the country's export-oriented industry (in particular, the automobile industry) and financial sector to grow.
At the same time, in various financial markets, Nikkei-related instruments may not have recorded a maximum in 33 years — the reason is liquidity and what appears to be the top of the market:
→ there was a massive liquidation of short positions;
→ major market participants recorded profits.
Therefore, the daily candlestick on European Monday morning has a long upper shadow. Note that today's high could be a false breakout of the September top, which in turn is a false breakout of the August top.
The chart shows that the price of NIKKEI is forming a tapering wedge pattern (shown with blue lines) pointing upward. A bearish breakout of this pattern could lead to the development of a downtrend.
Something similar (but in a mirror image) was recorded at the end of October, when a downward wedge formed on the chart (shown by red lines, more clearly visible on the 4-hour chart). The breakout of this wedge led to a rally of over 9%.
If the NIKKEI enters a downtrend, it could be fueled by rumors of an end to the low rate policy. Experts in the media are increasingly predicting this move by the Bank of Japan.
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Nikkei to witness new ATH soon?The Japanese index has been in a complex 4th wave since June 2023 which has now come to end and the index should soon move towards new ATH in the pending 5th wave.
The 34K mark could be the new high that the index would be eyeing soon.
Note*- This post is for educational purpose only.
Nikkei Horn at top of bull runA rare and high probability signal, Nikkei has printed a horn here in a bull run. These are historically rare on high tf and generally signal reversal.
Nikkei Full Multi Timeframe AnalysisHey Traders,
Alike many other indexes, the Nikkei has also rallied greatly and is inline with the current downtrend.
Looking for short zones within this is how you trade reliably.
Watch for more.
Nikkei to stall at current highs?NIK225 - 24h expiry
Price action has continued to trend strongly higher and has stalled at the previous resistance near 33648.
A Doji style candle has been posted from the high.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
We look to sell rallies.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
We look to Sell at 33470 (stop at 33670)
Our profit targets will be 32970 and 32870
Resistance: 33650 / 34565 / 35045
Support: 32925 / 32360 / 31960
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WHY ARE STOCKS REALLY UP JAPAN IS THE ONLY REASON Well it is time to show all the true reason the markets are being moved Not by the Fed It has been always the BOJ the carry trade . This a chart of japan nik 225 and we are fast approaching the the 34980 target I think this is going to be a real issue 2.618
QM and Dip-Down confluenceThe Asian markets tracked the US equity markets into negative territory. The Middle East conflict continued to weigh on market risk appetite. Fears of a wider regional conflict impacted the US equity markets on Friday.
A pullback in 10-year US Treasury yields failed to calm the markets, with yields remaining elevated by historical standards.
On Friday, the Dow fell by 0.86%, with the Nasdaq Composite Index and S&P 500 seeing losses of 1.53% and 1.26%. The losses set the tone for the Monday session.
There were no Asian region economic indicators to distract investors from the Middle East conflict. Another spike in 10-year US Treasury yields added to the market gloom.
Take-off Nikkie and Yen Together to Skythe detail is shown in the above chart.
I made this Idea based on Candlestick Analysis and Fibonacci Tool .
buyers are burned in rectangle (0.5- 0.618 golden level retracement)
therefore ,we can expect that JP index decreases step by step to 1.27 and 1.618 .
Yen Is ready for Take-Off based on this published Idea
Bullish Crab Harmonic Pattern Will start at 29.5k.
Japan Is Best.
Good Luck
🚩 Red Flags in Trading Indicators: Will Nikkei's Rally Withstan📈 This week's glimpse? A peek at a higher low forming in Weekly. And, daily charts show the market's 🚂 losing steam against the trendline wall.
🕓 The 4-hour RSI reads 'tired,' hinting at a need for a market breather. And the 1-hour MACD? It’s leaning 🐻 bearish, suggesting a heads-up for a possible downtick.
🇯🇵 Meanwhile, the Nikkei is playing strongman 💪 compared to others. Will it keep up the solo act, or is it heading for a sync with the market's mood?
Selling NIKKEI on a Double TopStock have been bullish for the past 10 days and many folks are expect the bull rally to continue. We follow the charts and this is what it says:
1) NIKKEI is overbought on H4 and have created a double top with divergence.
2) There is a big pattern to sell which is being retested.
3) A smaller shark pattern has appeared
4) We will sell with the stop loss above 32800.
The target is a big drop which means stocks will need to go down at the end of this week or early next week.
Nikkei 225 bull flag on the weeklyNikkei 225 has been one of the hottest markets this year.
Couple of reasons - Japan ultra low monetary policy in the face of rising inflation. Its similar to Fed policy before they started to raise rates. Banks are used to negative rates so we will not see a similar increase to US but a gradual one. When is for the BOJ to decide but first they need to get rid of YCC.
Till those forces come to play, this bull flag break is targeting all time highs around 39k.
Once the break takes place, I expect a bullet train towards 39k.
NIKKEI Elliott Wave Analysis for Thurday 09/11/2023In 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, it looks like we are finishing wave X as an expanded flat.
NIKKEI Elliott Wave Analysis for Tuesday 07/11/2023 (+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, it looks like we are finishing wave X as an expanded flat.
One Wave Upside Before DropGreetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
It's important to understand that making an error in analysis is not a fault, but evading responsibility is.
No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
Thank you for your continued support, and I look forward to our mutual success.
Best regards,
Mr. Nobody
Keep trying and never give up.
Good luck!
Bear market, you may be careful (Next idea)Greetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
It's important to understand that making an error in analysis is not a fault, but evading responsibility is.
No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
Thank you for your continued support, and I look forward to our mutual success.
Best regards,
Mr. Nobody
Keep trying and never give up.
Good luck!
NIKKEI - Bearish Gartley- Sentiment was improved last week, although I don't think it will last
- Price completed the D1 Bearish Gartley combined with 1:1 and is now at the in the resistance Zone @ 33770
- Bond yields will probably not go up, so they are good alternative for stocks
NIKKEI Elliott Wave Analysis for Friday 03/11/2023In 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, it looks like the wave Z is unfolding as an ABC structure. We are currently finishing wave B as an expanded flat
NIKKEI Elliott Wave Analysis for Thursday 02/11/2023In 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, it looks like the wave Z is unfolding as an ABC structure. We are currently finishing wave B as an expanded flat.
Bullish on JapanNikkei index looking much better than the SP500.
25-30 years of unwinding from the 1990's bubble in Japan.
Price structure has changed to bullish.
Seeking range highs, then cautious with the whole world economy as SPX falls.
NIKKEI Elliott Wave Analysis for Wednesday 01/11/2023In 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, it looks like the wave Z is unfolding as an ABC structure.
