$NI225 (Nikkei future) 1 Hour Elliott Wave Analysis

Index is trading higher in wave (( v )) toward 16224 to complete wave (( A )). Index should soon make a corrective (( b )) wave pull back before reaching 16224. Wave (( b )) pull back should hold above the low of 15215. Cycles are positive so we don’t like selling the Index in proposed wave (( b )) and favour buying dips in 3, 7 or 11 swings.

Worth mentioning that Index is trading in the orange zone and ideally after a test of 16224, should pull back in larger degree wave (( B ))

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