November 21 (Fri): [Bollinger Bands] Nikkei 225 vs. GOLD

【This Week's Market Points to Watch】

Overall, the downward trend continues, but the four major U.S. indices are forming reversal candles, creating an environment where short-term gains are easier to come by.

In GOLD, there are signs that the daily moving average is turning upward, and there is a possibility of moving higher as it catches on the MA.

In the Nikkei 225, the +1σ is being treated as support, making a short-term rise easier to achieve.

On the other hand, Bitcoin’s correlation with other indices is weak, and directionality is somewhat hard to discern. This week, a clash between “short-term rebound” and “mid-term downward pressure” requires careful confirmation of either scenario.

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

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● 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 ‘zone where charts should stop’Zoneto illustrate it!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside

(※The following is for members only.)