Short term Elliott Wave view in Nikkei ( NKD_F) suggests that the decline to 4/16 low (18255) ended primary wave ((4)). Up from there, the rally is unfolding as an impulse Elliott wave structure where Minute wave ((i)) ended at 18590, Minute wave ((ii)) ended at 18315, Minute wave ((iii)) ended at 19355, and Minute wave ((iv)) ended at 19170 low. Near term index has reached the minimum extension area in Minute wave ((v)) already, however another push higher towards 19579 area can be seen before index ends cycle from 4/17 lows in Minor wave A. Afterwards index is expected to see a pullback in 3, 7 or 11 swings within Minor wave B before further upside is seen. We don’t like selling the proposed pullback and expect buyers to appear again once Minor wave X pullback is complete in 3, 7, or 11 swing provided that pivot at 4/16 low (18255) remains intact.
Nikkei 1 Hour Elliott Wave Chart
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 Trial to sample everything we have to offer.
Back