WaveTrack International

Elliott Wave Financial Price Forecasting

Nikkei 225 is hitting its upside targets right now!

by m.tamosauskas| November 12, 2014 | No Comments

10_Nikkei_141112

The alternate scenario outlined in the last issue has gained in probability. This is primarily due to the US$/Yen’s development – the currency pair has reached its upside objectives and is poised for an immediate reversal. Moreover, the substructure of the upswing from the mid-October low of 14529.03 can be identified as a five wave expanding-impulse pattern that exhibits idealised fib-price-ratio relationships. Finally, the fib. 38.2% upside-extension of the initial 15942.60-12415.85 decline has been approached. Taken all this evidence, there is high downside risk for the Nikkei 225 – a reversal from current levels would thus reinforce a sustained sell-off during the next months to finalise a larger expanding flat sequence labelled intermediate wave (4).

Category: Nikkei 225

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WaveTrack International is a financial price forecasting company dedicated to the Elliott Wave principle and work of the R.N. Elliott. Clients include Investment Banks, Pension Funds, Total/Absolute-Return/Hedge Funds, Sovereign Wealth Funds, Corporate and Market-Making/Trading institutions and informed individuals -- & just about anyone who is affected by directional price change.

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