May 12 (Mon): [Bollinger Bands] Nikkei 225 vs Russell 2000

【This Week's Market Focus】

The focus this week is the next move after the time adjustment that is common to both the Nikkei 225 and the Russell2000. On the weekly chart, the downward moving averages continue to cap the upside, while on the daily chart, the rising moving averages provide support, placing both in a tug-of-war. Also, on the daily and 4-hour charts, a bearish divergence is observed, suggesting a potential short-term decline. The mid-term trend direction will largely change depending on which side these technical elements break. This week, it looks to be a week to determine the direction while closely watching changes in the shape of the moving averages and the bands.

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

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● Use “A Field Guide to the Bollinger Bands” to analyze daily charts

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

● Use “The Harmonic Prescriptions” to draw a “Chart should stop at stop points”Zoneon the chart!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside

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