October 20 (Mon): 【Harmonic】 Nikkei 225 VS Russell 2000
This time
we compare with the so-called “canary in the coal mine” that leads the downtrend
“Russell2000”
for comparison.
【Overall Scenario Probability】
This week's overall market is…
“Up: 45% / Down: 55%”
※ Considering other stocks, the downside is slightly favored.
※ Presented as a reference level.
【This Week's Market Focus Points】
This week's harmonic analysis continues with interesting developments.
Both the Nikkei 225 and Russell 2000 do not show Harmonic-Patterns that can be drawn on the weekly, daily, 4-hour, or 1-hour charts.
The Nikkei 225 completed a 【Shark】↑ on the 1-hour chart, but to prepare for a potential decline on the 4-hour chart, a provisional 【Gartley】↑ is drawn. If it reaches the [PRZ], a possible reversal to the upside could be considered.
Meanwhile, the U.S. 10-year Treasury yield, on the weekly chart, remains in a distorted pattern with a Crab downward, and the long-term bearish view remains unchanged. The 1-hour chart’s【Deep Crab】↑ has collapsed, making continued decline from the main scenario’s【PRZ】 a point of focus.
For detailed analysis and specific scenarios, please check the paid section.
➥The continuation is explained in detail in a members-only report.
If you have not registered yet, please join from here ↓
● Use “The dismantling of Bollinger Bands” to analyze daily charts
https://www.gogojungle.co.jp/finance/navi/series/1613?via=articles_detail_aside
● Use “Harmonic Prescriptions” to plot a Zone where “charts should stop at stopping points”Zone!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside
(※The following is for members only.)