October 6 (Mon): [Bollinger Bands] Nikkei 225 vs Russell 2000

【This Week's Market Focus Points】

This week's market maintains an upward bias, yet multiple signs of important turning points are visible. The “canary in the coal mine” Russell2000 shows an upward bias from the monthly chart to the four-hour chart with an upward Bollinger band wave, but on the daily chart near +2σ there is a long upper wick Pin-bar, and on the 4-hour chart a composite Pin-bar is emerging, indicating a potential reversal downward.

The Nikkei 225 also shows an ongoing upward waveform on the monthly and weekly charts, but on the daily and 4-hour charts a bearish divergence appears, and the daily decline toward +2σ【a strong resistance band】could become a reversal point.

For the four major U.S. indices overall, the movements of bands and candles are mixed and difficult to judge, with similar upper wicks seen on the Dow Jones and Bitcoin. A strategy considering possible early-week reversals is important.

Detailed scenario analysis, specific downward target levels, and the probabilities of rise/fall for each stock are in the paid section—please check there.

➥The continuation is explained in detail in the members-only report.

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● Try analyzing daily charts using “The Deconstruction of the Bollinger Bands”

https://www.gogojungle.co.jp/finance/navi/series/1613?via=articles_detail_aside

● Use “The Prescription of Harmonics” to draw a “Chart that should stop at the point where it should stop”—Zone—https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside

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