NIKKEI 225 INDEXAfter the free fall, the 2nd biggest in their history , its time to breathe.
Japan is known for their ability to recover. This time lets see their index recover faster than ever.
I believe the Index has bottomed out.
Weekly Timeframe:
Monthly Timeframe:
Quarterly timeframe: Isn't this a beautiful pattern.
Fingers Crossed.
Common Japan. Love from India.
Nikkei225trade
NIKKIE completing (4) of larger circle 5.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: