NIKKEI: The Next Flag May Not Be Bullish NIKKEI
Over the past few weeks, we’ve seen a remarkable influx of readers from Japan, so today we wanted to return the favor with a small gift: a dedicated technical look at the NIKKEI.
The timing feels especially appropriate because one of our primary forecasting tools is, of course, Japanese candlestick analysis — a method with roughly four centuries of market history behind it. We spend countless hours reading what those candles are trying to tell us, so seeing such strong interest from a Japanese audience feels like the market completing a rather nice circle.
Today, we’ll look at the NIKKEI from several different perspectives: candlesticks, classical technical patterns, and Elliott Wave. Different tools, different logic — and, as always, the most interesting moments come when they begin pointing toward the same conclusion.
And since we are talking about Japan, there is really only one proper place to begin.
CANDLESTICKS
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