Longer-Term Downside Prevails (Revised-Forecast):
Idea in chart:
Longer-term target-forecast has been revised (from the initial green & blue dotted targets); to the new red-dotted target line plotted down below.
While BOJ-intervention remains a probability; target should still be intact & in strong-bearish pressure.
Potential fresh double-topping formation with a revisit of the last highs remains a low-probability scenario (not drafted in this chart here).
Best regards.
Longer-term target-forecast has been revised (from the initial green & blue dotted targets); to the new red-dotted target line plotted down below.
While BOJ-intervention remains a probability; target should still be intact & in strong-bearish pressure.
Potential fresh double-topping formation with a revisit of the last highs remains a low-probability scenario (not drafted in this chart here).
Best regards.
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Related publications
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.