May 26 (Mon): 【Harmonic】 Nikkei 225 vs. Russell 2000
This time
we compare the leading indicator in a Bear market known as the “canary in the coal mine”
“Russell2000”
with the comparison to
【Overall Scenario Probability】
This week's overall market is…
“Rising: 55% / Falling: 45%”
※ Presented as a reference level.
【This Week's Market Focus Points】
The focus this week is that the Russell2000 has formed an ascending harmonic [Bat], and it remains to be seen whether the positively correlated Nikkei 225 will follow suit. In the Nikkei 225, a new [Shark] has appeared on the [1-hour chart], suggesting a potential rise toward the PRZ. However, on the Nikkei 225 daily chart, a [Gartley] indicating a downward move is also drawn, making the directional bias ambiguous.
Furthermore, in the Russell2000, there is a provisional possibility of a [Butterfly] indicating a decline, so the future trend may be greatly determined by early-week movements. Attention to scenarios at each time frame is necessary.
➥Details are provided in a members-only report.
If you are not yet registered, please go here ↓
● Use “An Introduction to the Bollinger Bands” to analyze daily charts
https://www.gogojungle.co.jp/finance/navi/series/1613?via=articles_detail_aside
● Use “Harmonic Prescriptions” to draw a Zone where the chart should stop, showing that the chart should stop where it should stopZone!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside
(※The following is for members only.)