In Short Medium Term Nifty & Nikkei are Correcting Downside
As we can see on the above chart, Nifty & Nikkei have two different Corrective Structures. Nifty and Nikkei is a ABC and WXY correction respectively. So the Right Side in the short medium term is down or turning down. Now we expect that the correction will be completed in the end of third quarterly, 2023. At this moment we only identify Nifty with bullish structure for daily time frame. It's also important to continue checking the correlation of Asian Indices with European and American Indices as we're doing.
Note
Do not to BUY now !NiKKEi H4 and H1 right side- turning Down.
NIFTY H4 and H1 right side - turning Down.
W- Charter is updated
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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.