NIKKEI Short-Term Elliott Wave Analysis

By: Elliottwave-Forecast | Mon, May 4, 2015
Print Email

Short term Elliott Wave view suggests pullback to 19348 completed wave ((X)). From this level, rally in wave (a) is taking the form of a 5 waves diagonal when wave i ended at 19570, wave ii ended at 19405, wave iii ended at 19775, wave iv ended at 19620, and wave v of (a) is in progress towards 19851 - 19906 equal legs area.

After wave (a) is complete, index is expected to pullback in wave (b) and can test 50 - 61.8 fib retracement of wave (a) before the rally resumes. If wave (a) ends at 19851 equal leg, then wave (b) pullback can test 19541 - 19600 (50 - 61.8 fib retracement). We don't like selling in the proposed wave (b) pullback and expect wave (b) dip to find buyers as far as pivot at the 19348 low remains intact.

Nikkei Short-Term Elliott Wave Analysis Chart
Larger Image

 


If you would like to have an access of EWF analysis in real time, click here and feel free to join us. We provide Elliott Wave charts in 4 different time frames, 2 live webinars by our expert analysts every day, 24 hour chat room support, market overview, daily and weekly technical videos and much more.

 


 

Elliottwave-Forecast

Author: Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients.

ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, cycles, proprietary pivot system, we provide precise forecasts with up-to-date analysis for 41 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary actionable trade setups, market overview, 1 Hour, 4 Hour, Daily & weekly wave counts. Weekend webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

Copyright © 2015-2017 Elliottwave-Forecast.com

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com