November 18 (Tue): [Bollinger Bands] Nikkei 225 VS NASDAQ

【This Week's Market Focus Points】

This week's market is in a downward-dominant phase.

NASDAQ, like Russell 2000, is showing clearer signs of a reversal to decline. If the weekly chart forms a composite Pin-bar and continues to show bearish candles, and if the monthly chart also becomes a composite Pin-bar this month, it could develop from a state of stalemate to a MA (Moving Average) reversion, potentially leading to a large drop. Recently, after a rebound from -2σ on the daily chart, the price rose toward a downward-sloping MA and then fell, which is the main scenario.

The Nikkei 225 has broken below the upward MA on the daily chart, and the sideways-moving period of time adjustment continues, but the likelihood of a decline to -2σ in the 1:1 Elliott Wave pattern is increasing. If the sideways trend prolongs, a rally to the previous close 21 bars ago could cause the MA to turn downward, and a move toward an expansion downward driven by MA could become dominant.

The four major U.S. indices remain in a tug-of-war in either direction, but the key will be the resistance band at -2σ that strengthens as prices rise. For a detailed analysis, please check the paid section.

➥The continuation is explained in detail in members-only reports.

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● Use “The Unveiling 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 the chart should stop at the point it should stop!Zoneto illustrate!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside

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