Name: NIKKEI Elliott Wave Analysis for Monday 16/10/2023 (+ Higher TF)
Uploaded: 2023-10-14T04:08:51.096724
Channel: AndyCuckoo
Description: In the higher time frame, the primary expectation is that wave (4) has finished after a WXY correction. We had a strong reaction from the reversal areas. However, in the lower time frame, we are missing one more swing up to identify an impulse and the potential start of wave (5). If we do not get the additional swing up, we might still have further corrective price action as a wave (4).

Elliott Wave Support and Resistance Fibonacci Nikkei 225 CFD Nikkei 225 JPN225 CFD

elliottwaves supportandresistance fibonacci ni225 jpn225

In the higher time frame, the primary expectation is that wave (4) has finished after a WXY correction. We had a strong reaction from the reversal areas. However, in the lower time frame, we are missing one more swing up to identify an impulse and the potential start of wave (5). If we do not get the additional swing up, we might still have further corrective price action as a wave (4).