November 10 (Mon): [Bollinger Bands] Nikkei 225 VS Russell 2000

【This Week's Market Focus Points】

This week's market is at a very important turning point.

The canary in the coal mine, the Russell 2000, is the focal point. While there are signs it may turn downward, the weekly moving average (WMA) rising could act as a resistance band and stop the decline, and the daily chart shows a -2σ lower wick pin-bar. Additionally, on the 4-hour chart, there is an upward divergence, suggesting a rise possibly up to +2σ. However, if the daily -2σ is breached downward, there is potential for a decline into a full downtrend expansion.

The Nikkei 225 faces a similar turning point: it could bounce higher supported by the daily chart’s rising MA, or fall to -2σ—an important juncture.

The four major indices in the U.S. are showing lower wick pin-bars near the rising moving averages, increasing the likelihood of a rebound. Overall, given the turning points, a bullish tilt is indicated by the presence of lower wick pin-bars at key levels.

For detailed analysis, please check the paid section.

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

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● Use “Exploded View of the Bollinger Bands” to analyze daily charts

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

● Use “Harmonic Remedies” to draw a “chart stops at the point where it should stop”Zoneand see it in action!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside

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