Nikkei NI225 Short-Term Elliott Wave Analysis

By: Elliottwave-Forecast | Tue, Apr 7, 2015
Print Email

Preferred Elliott Wave view suggests rally to 19770 completed wave (W) and wave (X) pull back is also proposed to be over at 18980 with a test of equal legs (100% Fibonacci extension). Move up from here is taking the form of a double three or (w)-(x)-(y) structure when wave (w) ended at 19590, wave (x) ended at 19285 and wave (y) higher is in progress. We have seen a new high above 19590 which reinforces this view. 0.618 - 0.764 ext of (w)-(x) lies between 19655 - 19744 and is the typical area for wave "w" of (y) to finish.

This area is expected to produce a pull back in wave "x" which could retrace 50 - 61.8% of the move up from 19285. As the proposed "x" wave pull back holds above 19285 low, expect the Index to continue higher toward 19888 - 20032 area. As the pull back is represented with a dashed line accompanied by a green arrow, we don't like selling the Index and expect the Index to find byers in the dip in 3, 7 or 11 swings as far as prices holds above 19285 low and more importantly the pivot at 18980 low remains intact.

Nikkei 225 Short-Term Elliott Wave Analysis Chart
Larger Image

 


If you would like to have an access of EWF analysis in real time, click here and feel free to join us. We provide Elliott Wave charts in 4 different time frames, 2 live webinars by our expert analysts every day, 24 hour chat room support, market overview, daily and weekly technical videos and much more.

 


 

Elliottwave-Forecast

Author: Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients.

ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, cycles, proprietary pivot system, we provide precise forecasts with up-to-date analysis for 41 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary actionable trade setups, market overview, 1 Hour, 4 Hour, Daily & weekly wave counts. Weekend webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

Copyright © 2015-2017 Elliottwave-Forecast.com

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com