Japan 225 Micro picture - a gap in the opening next trading day
The Index, recently has been moving differently.
To understand it, recently we tried to see one big picture in another post.
Then today trying to understand the recent corrections / changes so that we can predict on a daily basis.
When we move from Indian Index to Japan Index, i am astonished with the difference, possibly due to different culture and thinking or psychology. The Index moves much different in Japan 225 Index.
Thought i will leave the Index due to complexity and move to another chart. But it is interesting and challenging.
We are trying to understand from 11-07-24. Market came down as a correction. The miniature of the movements tried to put in a smaller EW picture.
Based on these, we feel, market should come down little further to make a wave 5. Which date ? mostly tomorrow ? Tomorrow will it gap down / gap up ?
I could be making errors due to first time looking at the structures. But it seems it is making one impulse movement down ( smaller size) and market is making a smaller 4 retracement today. So will market come down on next trading day for the making of leg 5 ( smaller) . This looks ideal, but in this way, it makes us to change the structure, to fit this logic, otherwise EW logic goes wrong.
Alternatively, there is a gap up/ down on next trading day 25th :). And also changes in the structure. When we go a little lower time frame, we will catch that properly. :)
To understand it, recently we tried to see one big picture in another post.
Then today trying to understand the recent corrections / changes so that we can predict on a daily basis.
When we move from Indian Index to Japan Index, i am astonished with the difference, possibly due to different culture and thinking or psychology. The Index moves much different in Japan 225 Index.
Thought i will leave the Index due to complexity and move to another chart. But it is interesting and challenging.
We are trying to understand from 11-07-24. Market came down as a correction. The miniature of the movements tried to put in a smaller EW picture.
Based on these, we feel, market should come down little further to make a wave 5. Which date ? mostly tomorrow ? Tomorrow will it gap down / gap up ?
I could be making errors due to first time looking at the structures. But it seems it is making one impulse movement down ( smaller size) and market is making a smaller 4 retracement today. So will market come down on next trading day for the making of leg 5 ( smaller) . This looks ideal, but in this way, it makes us to change the structure, to fit this logic, otherwise EW logic goes wrong.
Alternatively, there is a gap up/ down on next trading day 25th :). And also changes in the structure. When we go a little lower time frame, we will catch that properly. :)
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