October 31 (Fri): [Bollinger Bands] Nikkei 225 vs Bitcoin

[This Week's Market Focus Points]

This week's market sees the Nikkei 225 continuing to hit new highs, but we are approaching a phase that requires caution. In the 4-hour chart, a slight reversal possibility is seen, and in the daily chart, due to narrowing band width, there is a possibility of developing into a “stagnant state.” With the upward bias of the MA continued, the trend may continue to rise, or even if it temporarily declines, it is likely to remain a consolidation up to the upward-moving MA; however, if the 4-hour chart falls to -2σ, the MA may turn downward and a full-scale correction could begin.

Of particular note is the movement of Bitcoin. An upward divergence appears on the 4-hour chart, but if it falls to the daily -2σ, this will disappear. Bitcoin tends to lead the four major US indices, so if it declines, a reversal of the Nikkei 225 to the downside becomes more likely.

Even those who see new highs should not become complacent. Detailed analysis is available in the paid section.

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

If you are not registered yet, please click here ↓ 

● Use the “Deconstructing 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”Zone!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside

(Note: The following content is for members only.)