October 17 (Fri): 【Harmonic】 Nikkei 225 VS Bitcoin

【This Week's Market Watch Points】

Important developments were observed in this week's Harmonic analysis.

Nikkei 225 on the 〖1-hour chart〗 has completed 【Crab】↓, and a new 【Shark】↑ has been detected, suggesting a possible decline toward the PRZ. This indicates a potential short-term correction phase.

Meanwhile, Bitcoin on both the 〖weekly〗 and 〖daily〗 charts has drawn 【Shark】↑, implying a larger time-frame decline is anticipated.

The U.S. 10-year Treasury yield, on the 〖weekly〗 chart, continues with a downward scenario, and on the 〖1-hour chart〗 there is a temporary rise, but overall a bearish outlook is maintained.

What to note is whether Nikkei 225 declines in tandem with the U.S. 10-year yield in a 【positive correlation】, and whether Bitcoin's decline leads to a decline at the 〖weekly〗 and 〖daily〗 levels for Nikkei 225.

Detailed analysis is available in the paid section.

➥The continuation is described in detail in a members-only report.

If you are not yet registered, please join from here ↓ 

● Use the “Exploded View of Bollinger Bands” to analyze daily charts

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

● Use the “Harmonic Prescription” to draw a “Zone where charts should stop”Zoneand see how it works!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside

（※The following is for members only.）