November 17 (Mon): 【Harmonic】 Nikkei 225 VS Russell 2000
This time
we compare the so-called “canary in the coal mine” that leads a downtrend
“Russell2000”
with other indices.
This week's overall market is…
“Rally: 40% ／ Down: 60%”
※ The Nikkei 225 shows overlapping multiple Harmonic-Pattern, initially rising and then strongly falling.
※ Presented as a reference level.
【This Week's Market Focus Points】
There was a development in the harmonic analysis this week that warrants attention.
The coal canary, Russell2000 〖4-hour chart〗【Gartley】↑ rises to the Second-Target-Zone and completes, then sharply reverses downward. This indicates the predicted movement has materialized.
The Nikkei 225 also 〖4-hour chart〗【Gartley】↓ falls to the Second-Target-Zone and completes. More importantly, a new 〖4-hour chart〗【Butterfly】↑ is drawn on the Nikkei 225, suggesting a downward move to the PRZ is possible. Additionally, on the 〖1-hour chart〗, the harmonic auto-drawing indicator detects a 【Shark】 ↓. If these multiple patterns hold, an initial rise followed by a significant drop in price is anticipated.
The U.S. 10-year Treasury yield remains downward-biased in the broader trend. Detailed analysis is available in the paid section.
➥The continuation is described in detail in the members-only report.
If you have not registered yet, please proceed from here ↓
● Use “The Deconstruction of the 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 “Charts should stop at the stop point” ZoneZoneand try it!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside
(※ The following is for members only.)
