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Global Currencies

NIKKEI – Weekly Update

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JPY Open Articles
822

Members who followed the end-of-June call on the Nikkei would now be up roughly 30%. In this brief review, we outline the next set of targets and assess whether the prevailing structure supports continued strength. By examining the candlesticks, momentum, and Elliott Wave context, we clarify the most probable path forward and the levels that matter most.

CLASSICAL PATTERNS

Bullish Flag
The flag call was spot on on June 29. The index rallied 30% right till the upper boundary of the flag.

New Flag

This week, Nikkei confirmed a bottom to the latest correction, potentially forming a flag that projects a targeted move of 10–12% from the current level.

Candles

Nikkei confirmed a bullish reversal with a Harami on the weekly frame while simultaneously flipping the daily frame bullish. The odds of a continued advance are considerable.

Happy Trading!

JPY Open Articles
822
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