October 20 (Mon): [Bollinger Bands] Nikkei 225 VS Russell 2000
This time
we compare the so-called “canary in the coal mine” in a falling market
Russell2000”
with the
【Overall Scenario Probability】
This week's overall market is…
“Rise: 60% ／ Fall: 40%”
“Rise: 60% ／ Fall: 40%”※ The four major U.S. indices and the Nikkei 225 are forming lower wicks together, indicating a bullish bias.
※ Presented as a reference level.
【This Week's Market Watch Points】
This week's market is showing a very interesting development.
The canary in the coal mine, the Russell2000, is reaching an important turning point. On the weekly chart, it shows a upper-wick Pin-bar near +2σ, suggesting a reversal, while on the daily chart a lower-wick Pin-bar is also forming, leaving the possibility of continued upside. Whether it stays above the previous 21-bar close or breaks below will determine the direction moving forward.
The Nikkei 225's 4-hour chart is in a “Squeeze,” with the moving average tilted upward, increasing the likelihood of development into an upside “Expansion.”
All four major U.S. indices are forming lower-wick candles and are rebounding at important support levels, indicating an upward bias. The USD/JPY, the U.S. 10-year yield, and Bitcoin are showing similar movements.
For a detailed analysis, please check the paid section.
➥The continuation is explained in detail in the members-only report.
If you have not registered yet, please click here ↓
● Use “Bollinger Band Disassembly” to analyze daily charts
https://www.gogojungle.co.jp/finance/navi/series/1613?via=articles_detail_aside
● Use “Harmonics Prescription” to draw the Zone where “charts should stop”Zone!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside
（※The following is for members only.）
