October 27 (Mon): 【Harmonic】 Nikkei 225 VS Russell 2000

【This Week's Market Focus Points】

An interesting development was observed in this week's harmonic analysis.

Russell2000 on the 〖4-hour chart〗 has a harmonic auto-drawing indicator detecting 【Butterfly】 downward. For this pattern to be valid, an ascent up to the PRZ is required.

On the other hand, the Nikkei 225 on the 〖4-hour chart〗 is tentatively considering the possibility of 【Bat】 upward, but for validity, a price move lower from here is needed. What to watch is that the two usually positively correlated instruments show opposite directions in their patterns. It is unlikely that both will be valid at the same time; it is more likely that one of them will become valid.

The U.S. 10-year yield is continuing as the main scenario to reach the Weekly Crab T/P Zone on the 〖weekly chart〗. There is also a possibility of a temporary corrective move upward via the 〖4-hour chart〗 Deep Crab.

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● Use “Anatomy of Bollinger Bands” 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 stopZone!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside

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