Nikkei 225 Wave Count: One More Rally

١٥ يناير ٢٠١٧

The Nikkei is in a clear uptrend, as is USDJPY, and based on the extended first wave (if correct) we should see another rally before a drop of questionable magnitude. The Yen has been weak against all pairs, especially the USD, and this week may be a good buying opportunity. This is all pending a rally above the dotted trendline. I like a buy on USDJPY after a bullish impulse and if the Nikkei extends toward the 3=5 level, we will have an excellent selling opportunity ahead. Cheers

١٦ يناير ٢٠١٧

ملاحظة

Asian markets are falling on Brexit fears. The Nikkei 225 is bumping up against two levels of invalidation while entering a bullish bat reversal zone. Great R/R on this one. Piercing of the SL will call for a recount.