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hellrider8083
Sep 29, 2023 1:48 AM

NIKKIE completing (4) of larger circle 5. Long

NIKKEI 225 FUTURESOSE

Description

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: 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:

Comments
Bravetotrade
Congratulations and well done for sharing your first idea with the community.
Hope you will be having great experience.
Thanks for your contribution.
From mod @Bravetotrade
hellrider8083
@Bravetotrade, Appreciate your encouragement.
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