TVC:NI225
Nikkei 225 index is in range. Price was rebounding and reversing on support & resistance. recently price gone outside of value area tested strong support value area (Sky color) near 30700.
After testing 30700 market was on fire to inside big value area (Range). It's sign of buying in market.
Nikkei 225 MAYBE will go more upside near 32850 or 33000...
Today's price action in NIKKEI shows that the C of Z may further get sub-divided.
Hence, 1 and 2 of C seem to be getting over. 3 of C would be fast and big - if it happens.
Being bearish here has a better Risk to Reward. Need to watch-out price action today in DowJones, DXY and Yen at the NYSE opening.
NIKKIE has a case where a long-term impulse started in Nov-12. We are in (4th of) 5th wave of a larger 3rd wave. This is in sync with most global markets that are completing some degree of complex correction.
Wave 1: Completed in 2015 SPREADEX:NIKKEI
Wave 2: Completed in 2016
Wave 3: Ongoing
Wave i: Jan 2018
Wave ii: Apr 2020
Wave iii: Feb 2021
Wave iv:...
Nifty will be flat opening in today's session. After opening nifty sustain below 17870 level and then possible downside rally up to 17800 in today's session. in case nifty trades above the 17900 level then the upside target can go up to the 17970 level.
Nifty will be slightly gap up opening in today's session. The expected opening above the 17750 level and the 17750 to 17790 level is the consolidation range and if nifty breaks the 17790 level this level then the possible upside go up to 17870+ in today's session. in case nifty trades below the 17750 level than possible downside rally up to 100-200 points.
Nifty will be flat opening in today's session. After opening nifty sustain Above 17850 level and then possible upside rally up to 17970 in today's session. in case nifty trades below the 17800 level then the downside target can go up to the 17700 level.
NIKKEI
It is going to test back its historic peak form in 1990.
Historical monthly charts has shown negative divergence and has led to correction.
But once the higher top and higher bottom formation resumes or is being witnessed
then correction on the back of overbought or negative divergence on RSI can lead to higher bottom formation
in case of...
Om Namah Shivay
The Nikkei is on a bull run from oct 2008 bear bottom. We can base that and try doing a count up.
Focusing on the short term impulse, shows the nearby wave 5 possible.
This is for education purpose only.
Om Namah Shivay
Credit Cycles and Keynesian Economics : Passive Investing
The boom bust cycles need a safe haven . Indexes track micro economic transactions and the market trading on such transactions are prone to distortions of dominant traders and weak regulators . Gold becomes a hedge against the FED-Wall St nexus.
This pattern doesn't exist in Neo economies as much. Tech...
