Japan Topix Index - Is it preparing to go down ? (Daily Candle -

Japan Topix Index - Is it preparing to go down ? (Daily Candle - short term)


We are analyzing from 17-03-2020 onwards till date. It has clear visibility of taking a motive wave of 5 legs and reaching the new high value. Then it started correcting sideways and it is making a complex side ways movement.

As per the chart, it seems it has nearly getting complete with the 5 wave sideways movements. We hope the movements come to half in some time and then it can come down heavily before getting ready to move up again. This Triangle seems nearly complete, It made 5 angles as we assume. Possible that some sideways movement of 5 may be pending. But we assume, it is getting ready to go down !!


We assume market will come down in a steep correction,
before getting ready to move up. Next move up can be
an assurance that previous high will be broken in the bull
movement. Too much more side movement, or market going above
2840 before unfolding the new movement, may invalidate the
logic.