NIKKIE completing (4) of larger circle 5.

NIKKIE has a case where a long-term impulse started in Nov-12. We are in (4th of) 5th wave of a larger 3rd wave. This is in sync with most global markets that are completing some degree of complex correction.

Wave 1: Completed in 2015 NIKKEI
Wave 2: Completed in 2016
Wave 3: Ongoing
Wave i: Jan 2018
Wave ii: Apr 2020
Wave iii: Feb 2021
Wave iv: Jane 2023
Wave v: Ongoing
Wave 1: Completed in Mar 2023
Wave 2: Completed in Mar 2023
Wave 3: Completed in Jun 2023
Wave 4: Ongoing – likely to complete very soon
Forming a WXYXZ complex correction pattern. Ending in a final ABC pattern.

Bias: Positive for overall equity markets over the next.

Chart 1: Long-term wave count:
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Chart 2:
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Chart PatternsElliott WaveelliotwaveanalysisNikkei 225 JPN225 CFDJapan 225nikkei225tradeWave Analysis

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