December 1 (Mon): 【Harmonic】 Nikkei 225 vs. Russell 2000

【This Week's Market Focus Points】

This week, a major focus is that multiple harmonic patterns are completing or nearing completion on the short-term chart.

For the Nikkei 225, on the 1-hour chart the 【Butterfly】 downward move is nearing the 【PRZ】, making a temporary rise followed by a potential reversal a key consideration.

On the other hand, for the Russell2000, the 4-hour chart’s 【Shark】 downward move has reached the 【PRZ】, and it is critical whether the decline starts from here, or whether it is negated by breaking above the S/L.

Additionally, the U.S. 10-year yield is near the【Crab】 downward move's PRZ, where direction is not yet clear, making the overall stock market sentiment highly watched. Thus, when multiple markets form patterns in the same week, short-term large price movements are more likely, so signals for a trend reversal should be judged carefully.

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

If you have not registered yet, please proceed from here ↓ 

● Use “The Demystified 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—where charts should haltZone!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside

(※The following content is for members only.)