Japan 225 Index overally looks targeting upwards in longterm

We are assuming in the motive phase from Nov 2008. If the motive wave structure fits good here, then we expect a move up from the current sideways move. The time duration of movement is not analyzed here. We will do that in a later post. The index has key dates coming up tomorrow and another after few days on a daily chart.

The primary wave leg 3 is in the making and we expect it to reach 46000 in the future for the leg 3 minimum target. And after that we expect a bigger correction before expecting it to go up to make leg 5. We expect atleast 20 percent correction that time. The time calculation is not done here.

So on long term -> expect a further move up,
Target -> min 46000 before a big correction

Note: This is for educational purpose. Assume it to be for learning the market structure.