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Thursday, July 11, 2013

Elliott wave analysis on the Nikkei 225 Index - Top in place?

Nikkei 225

Please see my last update here first:
http://theelliottwavesufer.blogspot.dk/2013/07/elliott-wave-analysis-of-nikkei-225.html

After having hoovered around my target for wave c of X these last couple of days I do beleive, that we have seen a top and that a break below 14,109 soon will confirm the top. Once the top is confirmed we should expect a new zig-zag decline, which will likely break below 12,415 for a move closer to 11,806 before the final impulsive wave higher is seen.

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