29 Dec 2015 ‚óŹ 05:20 AM

Nikkei - The Japanese stock market has been weaker than usual off late. The reason might be that, after completing its 5th wave in July the stock market fell in 5 waves down. The subsequent bounce back has retraced 78.6% and therefore is set up to start another wave down. The recent selling is not certainly impulsive to confirm the start of wave C. It is possible that wave B is forming as a triangle and the Nikkei spends some time between 18560 and 20000 before wave C down unfolds. A break below 18650 would mean that wave C down has already started.


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