• 3 hours Russian Metals Magnate Sues U.S. Over Sanctions
  • 6 hours Tesla Looks To Jump Into Indian Market
  • 8 hours Global Banks Lay Groundwork To Re-Inflate Asset Prices
  • 24 hours Homeowners Experiment With Risky New Investment Trend
  • 1 day U.S. Tech Stocks Look Increasingly Vulnerable
  • 1 day De Beers To Expand World’s Most Profitable Diamond Mine
  • 1 day Ford CEO Gets Raise After Massive Layoff Round
  • 2 days Germany’s Flirtation With Recession Could Cripple The Global Economy
  • 2 days Where To Look As Gold Miners Inch Higher
  • 3 days Google Faces Billions In Fines From European Regulators
  • 3 days The Energy Industry Has A Millennial Problem
  • 4 days Russian Banks Scramble For Sanction Loopholes
  • 4 days Gold ETFs Take A Hit After Four-Month Run
  • 5 days European Union Takes Aim At Ten New Tax Havens
  • 5 days Goldman Defends Trillion-Dollar Corporate Buyback Spree
  • 5 days $600 Billion At Risk As Boeing Fallout Continues
  • 5 days Venezuela Has Yet Another Crisis Developing
  • 6 days Wells Fargo Accused Of “Ongoing Lawlessness”
  • 6 days Hollywood Agency Returns $400M Investment To Saudi Wealth Fund
  • 6 days Why Twitter's CEO Is Backing A New Bitcoin Boom
Lending: The Good, Bad, And Ugly

Lending: The Good, Bad, And Ugly

Aristotle said, “The most hated…

The Chatroom Cartel Running Global Bond Markets

The Chatroom Cartel Running Global Bond Markets

Eight major banks have been…

Elliottwave-Forecast

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…

Contact Author

  1. Home
  2. Markets
  3. Other

NIKKEI 225 Short-Term Elliott Wave Analysis

Decline to 19054 completed wave ((X)), and the Index has since resumed the rally in wave W in the form of a double correction ((w))-((x))-((y)) where wave ((w)) ended at 19865, wave ((x)) ended at 19495, and wave ((y)) is in progress towards 20314 - 20507. Expect some profit taking from 20314 - 20507 area and the Index to pullback 3 waves lower in wave X to correct the rally from 19054. We do not like selling the proposed wave X pullback. As far as 19054 pivot holds in the pullback, buyers should come again for the next leg higher once wave X pullback is complete in 3, 7, or 11 swings.

Nikkei 225 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.

 

Back to homepage

Leave a comment

Leave a comment