Nikkei 225 4H: Flat Correction with Bullish Target 59,600
【Nikkei 225 (JAPAN225CFD) - 4H Chart】
From the April low last year:
Double Zigzag W-X-Y completed on November 4
→ Large Flat correction A-B-C now in progress
→ Currently, from the November 21 low as the starting point:
　Inside the Flat B-wave Double Zigzag (w)-(x)-(y),
　likely in the (y) wave's a-wave impulse (wave 3 rising)
→ Provisional target for the current a-wave impulse: 58,800–58,900
→ After a-wave ends → b-wave correction → c-wave target: 59,500–59,600 (provisional)
→ Bias & Position: Bullish continuation
Monitoring correlation with US indices and will keep updating.
Last night’s surge makes this pattern currently the highest-probability scenario
in my view.
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