Nikkei Update: charting the retrace before ATH

2018年9月19日

Just posting a quick 15min chart to see how the fibs and EW play out during expected retrace.
I am still expecting a rather shallow wave 4 to then start wave 5, but lets see

This is an update to my larger timeframe Idea posted here:

2018年9月20日

註釋

Wow, sudden drop from political news out of Japan.

Apparently Abe won and will remain Prime Minister (now the longest in Japan's history).'
I suppose the spike was funds re-balancing their portfolios.
I am expecting that ''more business as usual'' sentiment should allow continued uptrend.

But I am mostly a technician, so I just appreciate the precise ping on first spike down.

I think it will go lower though, so my bounce zone may have been way too optimistic, lets see.

2018年9月20日

註釋

Excellent! The bounce looks to be holding

2018年9月25日

註釋

As anticipated in my follow up plan we hit hard resistance (and I assume some news out of Japan)

Hit play three times.

After hitting resistance, it plunked right down into a support zone Lets see if it holds, I suspect not