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
NIKKEI
Wave 2: Completed in 2016
Wave 3: Ongoing
Wave i: Jan 2018
Wave ii: Apr 2020
Wave iii: Feb 2021
Wave iv: Jane 2023
Wave v: Ongoing
Wave 1: Completed in Mar 2023
Wave 2: Completed in Mar 2023
Wave 3: Completed in Jun 2023
Wave 4: Ongoing – likely to complete very soon
Forming a WXYXZ complex correction pattern. Ending in a final ABC pattern.
Bias: Positive for overall equity markets over the next.
Chart 1: Long-term wave count:
Chart 2:
Wave 1: Completed in 2015
NIKKEI Wave 2: Completed in 2016
Wave 3: Ongoing
Wave i: Jan 2018
Wave ii: Apr 2020
Wave iii: Feb 2021
Wave iv: Jane 2023
Wave v: Ongoing
Wave 1: Completed in Mar 2023
Wave 2: Completed in Mar 2023
Wave 3: Completed in Jun 2023
Wave 4: Ongoing – likely to complete very soon
Forming a WXYXZ complex correction pattern. Ending in a final ABC pattern.
Bias: Positive for overall equity markets over the next.
Chart 1: Long-term wave count:
Chart 2:
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Disclaimer
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.