• 13 hours Big Business’ New COVID Initiative: No Jab, No Job
  • 3 days The Most Interesting Stocks Of Earnings Season, For Better or Worse
  • 5 days Chinese Stocks Rebound After Regulatory Scare
  • 6 days Apple Stocks Falls After Blowout Earnings Report
  • 6 days The 5 Biggest IPO Disasters Of 2021
  • 7 days Crypto-Based ‘Shadow Financial Market’ Spooks Regulators
  • 10 days Ireland Balks At Biden’s Global Tax Plan
  • 13 days Robinhood To Trade On Nasdaq Targeting $32B Valuation
  • 17 days Facial Recognition Is Watching You
  • 18 days Biden’s $3.5T ‘Human Infrastructure’ Workaround
  • 18 days The Fed’s $3 Trillion Headache
  • 21 days Why Bitcoin Could Struggle To Recover After Epic Crash
  • 22 days Wells Fargo Back In The Spotlight Over Personal Loan Cancellations
  • 22 days Delta Variant Real Threat To Economic Recovery
  • 25 days JEDI Drama Continues With Microsoft Contract Cut
  • 27 days DiDi Shares Take a Beating From Chinese Regulators
  • 28 days Thousands Of Companies Hit In Latest Ransomware Attack
  • 29 days Jobs Report Has Big Numbers, But Still Big Problems
  • 29 days Robinhood’s ‘Mission’ Questioned in $70M Fine
  • 33 days Didi Just Went Public, And Uber Is Loving It
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

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 Short Term Elliott Wave: Short Term Dips Before Higher

Short Term Elliott Wave cycles suggests that decline to 16140 ended wave (X). Rally from there is unfolding as double three where wave W ended at 17635 and wave X ended at 17291. Near term, wave ((w)) is expected to complete at 18421 - 18581 area, and index should ideally pullback in wave ((x)) in 3, 7, or 11 swing to correct cycle from 11/11 low (17291) before turning higher again. We don't like selling the proposed pullback and expect dips to be supported in 3, 7, or 11 swing as far as pivot at 11/11 low (17291) remains intact in the first degree.

Nikkei Short-Term Elliott Wave Analysis Chart
Larger Image

 


At Elliottwave-Forecast, we offer 24 hour coverage of 52 instruments from Monday - Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14 day Free Trial to sample everything we have to offer.

 

Back to homepage

Leave a comment

Leave a comment