NIkkei seems to have the most strength among its peers (CAC, DAX, S&P) and is the one who has the highest chance to hit a new high this time. This will be combined with another leg up in USDJPY.
The wave structure for Nikkei is incomplete and the most recent decline this week seems to be a mere correction as it has failed to develop an impulse of proper velocity. Nikkei can rise to as high as 22600 which is 1.382 extension of A wave decline in 2008.
The wave structure for Nikkei is incomplete and the most recent decline this week seems to be a mere correction as it has failed to develop an impulse of proper velocity. Nikkei can rise to as high as 22600 which is 1.382 extension of A wave decline in 2008.
