Nikkei to hit new ATH and then some? JPN225 poised for new high

18. Sept. 2018

The Japanese stock market got a recent boost from Trump / Trade War developments.

Japan is expected to work out a deal (and I think it will happen).

The momentum in the Nikkei is very strong right now.
I am expecting some profit taking soon, then continuation up.

The only question in my mind is: WHICH path to new ATH (All Time High) will it take?
Or maybe I am way off (I know nothing about Japan stocks) but lets see

19. Sept. 2018

Anmerkung

And so a retrace is under way.
Still plausible that my target for retrace-to-bounce (grey) will be reached, and the new fibs for possible ABC wave line up nicely. The overall rhythm still looks to be in tact.

20. Sept. 2018

Anmerkung

Wow, sudden drop from political news out of Japan.
Perfect ping of t he expected support zone.
But ALAS, I was not expecting such a sudden drop, more like a slow corrective triangle or something.
So I think it will drop lower, but lets see.

21. Sept. 2018

Anmerkung

Looking good so far. I have posted another update here

25. Sept. 2018

Anmerkung

As anticipated in my follow up post, we have hit resistance lol

27. Sept. 2018

Anmerkung

Looking at the original chart in close up, looks like break and retest from above