August 18 (Mon): [Harmonic] Nikkei 225 vs. Russell 2000
This time
we will compare the said “canary of the mining industry” that leads in a downtrend
the “Russell2000”
with it.
【Overall Scenario Probability】
This week's overall market is…
“Rise: 45% ／ Fall: 55%”
※ Clear patterns are lacking and the downward bias is favored
※ Presented as a reference level.
【Key Market Points This Week】
This week, with few clear Harmonic-Pattern signals across markets, the focus is on how to interpret the remaining signals.
The Nikkei 225 has no valid drawing patterns and is hard to gauge direction, while in the Russell 2000 the weekly chart shows a 【Shark】 up, but its shape is distorted and its reliability is low.
Also, on the weekly chart, the US 10-year yield and GOLD have reached the PRZ for a 【Crab】 downwards, so in principle a decline would be expected, but price action is slow and frustrating.
Against this backdrop, the overall market is in a delicate balance of “lacking a clear direction but biased to downside,” so this week particular attention is needed for breaks through resistance bands and MA reversion signals.
➥The details are explained in depth in the members-only report.
If you are not yet registered, please join from here ↓
● Use “The Decoding of Bollinger Bands” to analyze daily charts
https://www.gogojungle.co.jp/finance/navi/series/1613?via=articles_detail_aside
● Use “Harmonic Prescription” to draw a “Zone where charts should stop”Zoneon a chart!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside
（※The following content is for members only.）
