August 27 (Wed): 【Harmonic】 Nikkei 225 VS Dollar-Yen

【Key Market Points for This Week】

This week, multiple harmonic patterns overlap in USD/JPY, making scenario discernment crucial. On the weekly chart, Gartley is rising, suggesting a potential move toward the PRZ in a downward direction. On the daily chart, Deep Crab is forming, leaving a scenario in which an upward move toward the PRZ is possible. Both patterns cannot be valid at the same time, and which side prevails will depend on future price action. Additionally, on the 4-hour chart, Butterfly downward and Deep Crab downward have already reached the 38.2% T/P-Zone, so attention turns to whether they will aim for the Second-Target-Zone.

The Nikkei 225 still has no clear pattern, but this week is likely to hinge on its correlation with NASDAQ and Russell 2000.

➥The continuation is explained in detail in the members-only report.

If you’re not registered yet, please join from here ↓ 

● Analyze daily charts using “The Deconstruction of the Bollinger Bands”

https://www.gogojungle.co.jp/finance/navi/series/1613?via=articles_detail_aside

● Use “Harmonic Prescriptions” to draw out the Zone where charts should pause—“charts pause at the right points”Zone! to draw!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside

（*The following is for members only。）