November 6 (Thu): [Bollinger Bands] Nikkei 225 vs. U.S. 10-Year Treasury Yield

【This Week's Market Focus Points】

This week's market is at an important turning point.

The U.S. 10-year Treasury yield, often called the “economic temperature,” on the monthly chart shows that the close 21 bars ago is likely to rise significantly in the future, so the overall trend is downward-skewed due to the downward-sloping MA. However, on the weekly chart it is in a “consolidated” state, so the price could rise to the moving average, making the recent trend a complex situation with a tendency to rise.

The Nikkei 225 shows an ongoing rising Bollinger Band wave from the monthly to the daily charts, but the 4-hour chart is developing into a downward expansion, and the daily chart's upward MA has halted the decline. If the weekly chart forms a composite Pin-bar, it could develop from a consolidated state to MA-reversion.

The four major U.S. indices and the Russell 2000 are turning upward with rising MAs, and Bitcoin is also forming a bullish candle. If GOLD breaks below -2σ and moves in a 1:1 N-wave down, a renewed rise in the four major U.S. indices and Nikkei 225 could be expected.

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

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● Use "Bollinger Band Unfolded" to analyze daily charts

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

● Use "Harmonic Prescriptions" to draw a Zone and show that the chart should stop at a pointZoneand stop!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside

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