Nikkei near term update: JPN225 small dip then more upside?
Diupdate
Quick update on Nikkei bounce.
Expecting a wave 4 dip to continue before a final leg up.
After the 5 waves are complete, we should see a larger correction.
Lets see how it plays out.
Above is an update to my last plan for market recovery (at least temporary)
Expecting a wave 4 dip to continue before a final leg up.
After the 5 waves are complete, we should see a larger correction.
Lets see how it plays out.
Above is an update to my last plan for market recovery (at least temporary)
Catatan
So here we are, at the short term bounce zone I am hoping, lets see Catatan
Hmm, almost at target but the path there has been quite different than I had expected Catatan
It is a bit concerning that wave 4 reached a little below wave 1 Catatan
For this spike, the 4.236 extension will be the important line to watch Catatan
Trump news just came out, looks to be reducing trade war rhetoric against China, so all stock markets are getting a boost, and the Nikkei went right past resistance. I expect it will go quite a bit higher unless the news is downplayed by Trump later. 
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