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Nikkei 225

14 May 2021 ‚óŹ 11:31 AM

Nikkei - How do you keep your head above water amid volatility, watch the higher time frame and give it enough weightage. The Japanese index fell more than I thought but all it has done is complete wave 4. Not as a triangle but as a flat. Wave B was a triangle and wave C now completed at the lower Bollinger band on the weekly chart below. We bounced off that support at 27531 and should resume the larger degree trend.

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