October 10 (Fri): [Bollinger Bands] Nikkei 225 vs
This time
it is generally said to be inversely correlated with stock prices
“GOLD”
in comparison.
【Overall Scenario Probability】
This week's overall market is…
“Up: 55% / Down: 45%”
※ Since both the Nikkei 225 and GOLD are in an upward wave pattern with the upside dominance.
※ Provided as a reference level.
【This Week’s Market Focus Points】
This week's market is showing a very interesting development. Typically inversely correlated Nikkei 225 and GOLD are now both rising together, which is a rare situation.
The Nikkei 225 is entering a phase of time adjustment on the 〖4-hour chart〗, and it is watched whether it will turn upward from here.
Also, the four major U.S. indices briefly entered a holding state, but NASDAQ and S&P 500 rose again and broke through the resistance zone. However, there remains a possibility of another adjustment phase.
In particular, Bitcoin’s movements tend to precede those of the U.S. stock market, so that trend holds a key role.
Whether the expansion continues on each timeframe, or whether it becomes a back-to-back MA regression from a holding state. Detailed analysis is available in the paid section.
➥The continuation is explained in detail in the members-only report.
If you have not registered yet, please click here ↓
● Use “The Deconstruction of the Bollinger Band” to analyze daily charts
https://www.gogojungle.co.jp/finance/navi/series/1613?via=articles_detail_aside
● Use “Harmonic Prescriptions” to draw a Zone where the chart should stopZoneand see it!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside
(※From here on, it is limited to members.]