October 22 (Wed): 【Harmonic】 Nikkei 225 vs Dollar/Yen

【This Week's Market Focus Points】

This week's harmonic analysis is entering an interesting development.

The Nikkei 225 is showing signs of a slight reversal from an uptrend, and the chart may shift from a single-trend movement like Wave I to a zigzag pattern. This change is a sign that harmonics may start to function.

At present, there are no drawable patterns for USD/JPY, but in the weekly chart there is a provisional drawing of 【Gartley】⇩, and in the 4-hour chart there is a provisional drawing of either 【Gartley】⇩ or 【Butterfly】⇩.

For harmonic traders, the most important is identifying 【B】, and it is crucial to always look for the possibility that it could become 【B】.

The U.S. 10-year yield has again turned downward, and it remains to be seen whether it can break the April low and reach the T/P-Zone. If USD/JPY forms a pattern, the Nikkei 225 could also move downward in a 【positive correlation】.

Detailed analysis is available in the paid section.

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

If you are not registered yet, please do so from here ↓ 

● Try analyzing daily charts using “Anatomy of the Bollinger Bands”

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

● Use “Harmony 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.)