Nikkei 225 1-Hour Chart
Current structure: The final leg of the larger Wave 2 decline (Double Three w-x-y flat correction), where an Ending Diagonal is forming in Wave 4.
With the US-Iran ceasefire talks stalling, I expect next week’s decline to remain inside Wave 4. After that, a Wave 5 rally should complete the diagonal.
For the diagonal to be valid, a touch of 54,180 is required.
Short target: 54,180–53,800 zone.
Once the diagonal completes, expect a retest of the 54,248 high, followed by the start of the major Wave (iii) decline.
Significant volatility is likely next week — fast reactions will be key.
【Target】
54,180–53,800 area (Short)
【Invalidation】
① Strong break above 58,024 → Count change (bullish continuation)
② Strong break below 52,132 → Count change (accelerated decline)
#Nikkei225 #ElliottWave
Current structure: The final leg of the larger Wave 2 decline (Double Three w-x-y flat correction), where an Ending Diagonal is forming in Wave 4.
With the US-Iran ceasefire talks stalling, I expect next week’s decline to remain inside Wave 4. After that, a Wave 5 rally should complete the diagonal.
For the diagonal to be valid, a touch of 54,180 is required.
Short target: 54,180–53,800 zone.
Once the diagonal completes, expect a retest of the 54,248 high, followed by the start of the major Wave (iii) decline.
Significant volatility is likely next week — fast reactions will be key.
【Target】
54,180–53,800 area (Short)
【Invalidation】
① Strong break above 58,024 → Count change (bullish continuation)
② Strong break below 52,132 → Count change (accelerated decline)
#Nikkei225 #ElliottWave
Note
Jesse Livermore's Iron Rule“When the market is not clearly understandable,
never take a position.
Waiting is the trader’s most important job.”
These are the words Livermore learned from his own bitter experience of major losses.
Forcing an entry in an unclear market is nothing but gambling.
True professionals spend 90% of “unclear days” completely flat — no position.
Unclear = No Edge
That’s exactly why you wait with confidence.
This is the ultimate risk management and the smartest way to win.
#StockTrading #TradingPsychology #JesseLivermore
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.