November 17 (Mon): [Bollinger Bands] Nikkei 225 vs Russell 2000
This time
we compare the bear market-leading “canary in the coal mine”
“Russell2000”
with it.
【Overall Scenario Probability】
This week's overall market is...
“Rise: 50% / Fall: 50%”
※ The lower-wick Pin-bar appearances for the four major U.S. indices and Nippon Stock Average (Nikkei 225) diverged at the turning point and are balanced.
※ Presented as a reference level.
【This Week's Market Focus Points】
This week's market is at an important turning point.
The canary in the coal mine, Russell2000, is showing more signs of reversal, and the Monthly chart [Monthly] has the possibility of developing into a state of stagnant decline. On the other hand, there is a possibility of reversal and ascent due to a rebound from upward-moving weekly MA and a lower-wick Pin-bar appearance at -2σ on the daily chart, so the main scenario is a rise followed by a fall for now.
The Nikkei 225 has fallen below the upward daily MA, but the sideways time-adjustment is continuing. A breakout above the upward MA is not a resistance band, so a renewed rise is possible; however, a drop below increases the chance of descending to -2σ in a 1:1 N-wave.
The four major U.S. indices may reverse upwards at key levels due to lower-wick Pin-bar appearances, while Bitcoin remains in a downward trend channel. It is important to watch correlations carefully.
For detailed analysis, please check the paid section.
➥The continuation is explained in detail in the members-only report.
If you have not yet registered, please do so from here ↓
● Use “The Decoding Book of Bollinger Bands” to analyze daily charts
https://www.gogojungle.co.jp/finance/navi/series/1613?via=articles_detail_aside
● Use “The Prescription of Harmonics” to draw a Zone where “Charts should stop”!ZoneTry drawing it!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside
(※ The following is for members only.)
