August 4th (Mon): 【Harmonic】 Nikkei 225 VS Russell 2000
【Notice】
From 7/23 to 8/11 I will be returning to my parents' home and attending my son's baseball camp.
During weekdays, as before, there will be email newsletters, but please understand that responses to inquiries may take some time. m(_ _)m
This time
we will compare the falling market, often called the “canary in the coal mine,” with
‘Russell2000’
.
【Overall Scenario Probability】
This week's overall market is…
“Rise: 45% ／ Fall: 55%”
※Weekly charts remain biased to the downside.
※ Presented as a reference level.
【This Week's Market Watch Points】
This week's focus is the fate of the harmonic patterns that appeared on the 4-hour charts of the Nikkei 225 and Russell 2000. In the Nikkei 225, the Gartley ascent has reached the PRZ, showing signs of a rebound.
Meanwhile, in the Russell 2000 a new Shark ascent has formed, with movement toward the PRZ anticipated. If these patterns function effectively, a short-term rebound is expected, but overall the downward bias remains dominant. Particular attention should be paid to weekly-level movements and the coherence with correlated GOLD and the US 10-year Treasury yield.
This week could be a turning point between a short-term rebound and another drop.
➥The continuation is explained in detail in the members-only report.
If you are not yet registered, please click here ↓
● Use “Bolinger Band Exposition” to analyze your daily charts
https://www.gogojungle.co.jp/finance/navi/series/1613?via=articles_detail_aside
● Use “Harmonic Prescriptions” to draw the Zone where “the chart should stop”Zone!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside
(※Below this point is for members only.)
