November 5 (Wed): 【Harmonic】 Nikkei 225 VS USD/JPY

【This Week's Market Attention Points】

In this week's harmonic analysis, harmonic patterns cannot be drawn on any time frame for both the Nikkei 225 and USD/JPY. This is evidence that the trend is strongly continuing. Harmonics require a zigzag waveform to draw, and in markets with a strong one-way trend like this, they tend to be difficult to function.

For USD/JPY, on the weekly chart there is a provisional possibility of Gartley downward, currently at a point that could become point B. The harmonic is most important at B, and patterns are identified at this B, so future price movement requires close attention.

U.S. 10-year yield's main scenario is a decline aiming to reach the T/P Zone on the weekly Crab downward, but the four-hour chart Deep Crab upward suggests a temporary corrective rise, and it has risen to just short of the T/P Zone. For detailed analysis, please check the paid section.

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

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• Try analyzing daily charts with “The Comprehensive Guide to Bollinger Bands”

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

• Use “The Prescription for Harmonics” to draw the “zone where charts should stop” Zoneon!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside

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