May 12 (Mon): 【Harmonic】 Nikkei 225 vs Russell 2000
This time
we compare the “canary in the coal mine” of a bear marketthe “Russell2000”
with
【This Week's Market Highlights】
The focus this week is whether the Harmonic patterns shown on the short-term charts will hold.
In particular, the Butterfly drawn on the 1-hour chart of the Nikkei 225 and the Gartley on the daily chart are expected to show a temporary pullback upon reaching the PRZ. Conversely, if the rally continues, there is a risk of breakdown, and the near-term price movement will be a crucial clue to the next direction.
Additionally, as the dollar-yen continues to rise, attention is also on how the Nikkei 225 and Russell 2000, which have a positive correlation, will move.
Is it a “short-term wobble” or the “start of a turning point”? The movements this week are likely to influence the medium-to-long term as well.
➥The rest is explained in detail in the members-only report.
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● Try analyzing daily charts using “The Deconstruction of the Bollinger Bands”
https://www.gogojungle.co.jp/finance/navi/series/1613?via=articles_detail_aside
● Use “The Prescription for Harmonics” to draw the Zone where the chart should stop and stopZone!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside
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