December 3 (Wed): 【Harmonic】 Nikkei 225 VS USD/JPY

【This Week's Market Focus Points】

This week, the key point is that major assets are in a market where a clear direction is hard to come by.

Both the Nikkei 225 and USD/JPY do not have a clear Harmonic-Pattern drawn on even a 4-hour chart or longer, making short-term movements prone to fluctuations in either direction.

On the other hand, in the U.S. market there are multiple downward harmonics forming, such as Russell 2000’s 【Shark】⇩ and U.S. 10-year Treasury yield’s 【Crab】⇩, so the overall market sentiment remains soft.

However, many of these waveforms are distorted, so rather than a strong trend appearing all at once, movements could involve some false breaks.

In the short term, the Nikkei 225 and NASDAQ are showing a downward pattern on the 【1-hour chart】 aiming for the Second-Target-Zone, so whether this level is reached is likely to be the week's focus.

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● Use “The Unraveling of Bollinger Bands” to analyze daily charts

https://www.gogojungle.co.jp/finance/navi/series/1613?via=articles_detail_aside

● Use “Harmonic Prescriptions” to draw the Zone where charts should stop—“the point where charts should stop”Zone!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside

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