NIKKEI – Another Perfect Call

It was another perfect mid-term call for Nikkei in June. Those who followed are now sitting on 11%+ gains.

Candles

Nikkei closed the week with a bullish continuation candle and appears on track for a bullish 15D close on Monday. However, Friday’s Dark Cloud Cover could trigger a short-term pullback if confirmed in the next few days. While the index heads into late September with predominantly bullish odds, short-term weakness risk is somewhat elevated.

CLASSICAL PATTERNS

Bullish Flag
No change to the large flag. The index has reached the lower boundary of the target area, delivering roughly an 11% gain since the June call. Though, there is still room for additional gains.

Inverse Head & Shoulders

Another classic pattern, an IHS, combined with a mini flag, played out well. I hope followers captured solid gains. Note that the setup still has a fair chance to continue. As noted in the previous update, “both bullish patterns project roughly the same target for their ideal moves. A timing projection suggests there’s an option for this rally, potentially gaining 16–18%, to complete before the end of the year.”

SUMMARY

After a strong first-half close, the Nikkei extended its advance through July–September. The next key reading comes at the end of September, and I look forward to interpreting the signals at the monthly closure. Hopefully, it won’t bring major surprises—stay tuned for the next updates.

Happy Trading!