September 3 (Wed): 【Harmonic】 Nikkei 225 vs. USD/JPY

[This Week's Market Focus Points]

This week, the Harmonic-Pattern appearing on multiple time frames of USD/JPY will be the focus. On the weekly chart, Gartley rising is formed, but it has not reached the PRZ and is taking time, so the waveform is distorted and the confidence is decreasing. On the daily chart, Deep Crab is maintained, leaving room for upside, but its shape is also becoming more distorted. Furthermore, on the 4-hour chart, Butterfly and Deep Crab have reached the 38.2% T/P-Zone, so in the short term there is a possibility of further decline. Since there is still no valid pattern drawn for the Nikkei 225, USD/JPY movements tend to be a clue for the overall market at this stage.

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

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● 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 the Zone where charts should stopZoneto illustrate it!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside

(Note: The following is reserved for members.)