October 8 (Wednesday): 【Harmonic】 Nikkei 225 vs dollar-yen

【This Week's Market Focus Points】

This week's market remains harmonically biased toward a ‘bearish’ view, and this is an important phase where attention is drawn to potential large moves at the weekly level.

USD/JPY's 〖4-hour chart〗【Butterfly】 downward has【completed】, and the 〖weekly chart〗【Gartley】 upward is the only pattern that has been drawn. This【Gartley】upward pattern takes time to reach from 【C】 to 【D】, is somewhat distorted, and its probability has decreased, but even at the PRZ reach, it is still considered a valid pattern.

U.S. 10-year Treasury yield 〖weekly chart〗【Crab】 downward has long stayed in the PRZ, and a highly distorted wave shape continues.

Bitcoin 〖4-hour chart〗【Gartley】 downward has broken through the S/L and is deemed a failure. Since the Nikkei 225 currently cannot draw Harmonic Patterns, we should anticipate a positive correlation with USD/JPY and consider potential downward movement at the weekly level.

For detailed scenario analysis, specific PRZ levels across timeframes, and the probabilities of rise/fall by instrument, please check the paid section.

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● Use “The Deeper Insight into Bollinger Bands” to analyze daily charts

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

● Use “Harmonic Prescriptions” to draw the Zone where charts should stopZoneand stop there!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside

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