NIKKEI 225 (N225) Elliott Wave Analysis Trading Lounge Day Chart
NIKKEI 225 (N225) Elliott Wave Technical Analysis
Function: Bullish Trend
Mode: Impulsive
Structure: Orange Wave 3
Position: Navy Blue Wave 3
Direction Next Higher Degrees: Orange Wave 3 (Started)
Details: Orange Wave 2 appears completed; Orange Wave 3 is now active.
Wave Cancel Invalidation Level: 35,109
The NIKKEI 225 Elliott Wave analysis on the daily chart reflects a bullish trend driven by an impulsive wave pattern. The primary focus is on Orange Wave 3, signaling a positive market outlook as it unfolds within the Navy Blue Wave 3 structure.
Wave Structure and Key Insights
- The completion of Orange Wave 2 confirms the activation of Orange Wave 3, aligning with a strong upward trajectory.
- Orange Wave 3 is typically associated with significant price movement in the direction of the prevailing trend.
Invalidation Level
- An invalidation level has been identified at 35,109.
- A decline to or below this threshold would invalidate the progression of Orange Wave 3, suggesting the need to reassess the wave framework and potentially signaling a trend shift.
Summary
The current analysis projects a bullish outlook for the NIKKEI 225, with Orange Wave 3 driving the impulsive wave structure within Navy Blue Wave 3. Traders should monitor price levels closely, especially around the 35,109 invalidation level, as a breach could indicate a reversal or correction.
NIKKEI 225 (N225) Elliott Wave Analysis Trading Lounge Weekly Chart
NIKKEI 225 (N225) Elliott Wave Technical Analysis
Function: Bullish Trend
Mode: Impulsive
Structure: Navy Blue Wave 3
Position: Gray Wave 3
Direction Next Higher Degrees: Navy Blue Wave 3 (Continuing)
Details: Navy Blue Wave 2 appears completed; Navy Blue Wave 3 is now active.
Wave Cancel Invalidation Level: 35,109
The weekly analysis of the NIKKEI 225 underscores a bullish trajectory, emphasizing the progression of Navy Blue Wave 3 within Gray Wave 3. This impulsive wave pattern reinforces a sustained upward movement, reflecting positive sentiment and long-term growth potential.
Wave Structure and Key Insights
- The completion of Navy Blue Wave 2 has led to the activation of Navy Blue Wave 3, an essential phase within the Elliott Wave framework.
- Wave 3 is often characterized by the strongest and most extensive price movement, affirming a robust upward trend in the NIKKEI 225.
Invalidation Level
- The invalidation level for this wave structure is set at 35,109.
- A drop to or below this level could interrupt the progression of Navy Blue Wave 3, signaling a shift in sentiment or the start of a corrective phase.
Summary
The NIKKEI 225 continues to display a bullish outlook, with Navy Blue Wave 3 driving the impulsive trend within Gray Wave 3. Traders should pay close attention to the 35,109 invalidation level, as any breach may indicate a disruption in the bullish framework, requiring a reassessment of market dynamics.
Technical Analyst: Malik Awais
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