August 25 (Mon): 【Harmonic】 Nikkei 225 VS Russell 2000
This time
we will compare with the so-called “canary of the mining industry” in a bear market
“Russell2000”
as a reference.
【Overall Scenario Probability】
This week's overall market is…
“Up: 45% / Down: 55%”
※ Overall downwards bias continues
※ Presented for reference level.
【This Week's Market Focus Points】
This week's market will continue to watch the movement of Russell2000. In the weekly chart, there remains a possibility of forming a Shark ↑, but the wave pattern is somewhat awkward and its validity is in question. Furthermore, on the daily chart, if there is a sharp drop, a provisional Deep Crab ↑ appears to be forming, suggesting that future price movement could become a major turning point.
The Nikkei 225 still has not shown a Harmonic Pattern, but if Russell2000 turns downward, the risk of a synchronized sharp drop cannot be ignored. From a macro perspective, the weekly Crab ↓ is continuing in U.S. 10-year Treasury yields and GOLD, and there remains a bearish bias across the overall market.
In the paid section, probabilities for each scenario will be presented by asset.
➥The continuation is explained in detail in a members-only report.
If you have not registered yet, please go here ↓
● Use “A Beginner’s Guide to 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 at the stopping points”Zone!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside
(※The following is for members only.)