Nikkei 225 shows a completed wave (v) high with a technical framework pointing toward a correction phase.
Our latest Elliott Wave analysis of Nikkei 225 (H4) identifies a completed wave (v) top near the 72,831 structural zone, extending the prior 3.618 Fibonacci projection. The current technical framework favors a corrective retracement toward the 61,695–59,067 area before the next directional phase. A sustained move above 72,831 would shift this outlook.
EWPlans.com tracks this kind of wave structure across 39 instruments every day, powered by EWP Nexus.
This strong momentum in Japan remains a crucial indicator for global markets. Keep following the waves! 👇
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✍️ Chart Link - https://www.ewplans.com/free-charts/ni225-elliott-wave-analysis-nikkei-wave-v-completes-at-3618-fibonacci-correction-targets-61695-and-59067
