NIKKEI: Reaction Lower From Equal Legs Area
@Elliottwave_Forecast:
NIKKEI: Reaction Lower From Equal Legs Area April 10, 2023 By EWFRafael Hello Traders, in this article we will see how the NIKKEI ( JAPAN225 ) index has reacted lower from equal legs area. Here at Elliott Wave Forecast we have developed a system that allows us to define areas of the market in which buyers and seller agree to a reaction. These are high frequency areas in which gives us at least an 85% chance of a 3 waves reaction from these areas. As soon as we can project an equal legs area we present it into our charts and our members know what they can expect. Nikkei has been trading within a 1 hour cycle from 03.15.2023 to complete its ((x)) leg higher. Consequently, having it’s first leg higher and connector within the corrective bounce we have presented the equal legs area. Let’s see