Nikkei Short-term Elliott Wave Analysis 8.9.2016

Preferred Elliott wave count suggests that dips to 15926 ended wave (X) and Index has started a rally higher in the form of a double three structure where wave ((w)) ended at 16740. While Index stays below there, expect the Index to pullback in wave ((x)) to correct the rally from 15926 in 3, 7, or 11 swing. Then, as far as 15926 pivot stays intact during wave (x) pullback, Index should resume the rally higher again. We don’t like selling the proposed pullback.


$NI225 6020160808214925

At EWF we offer 24 hour coverage of 50 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 EWF has to offer


Subscribe to our Chart Of The Day Blog

First Name: *
Last Name: *
Your Email Address: *