NIKKEI Elliott Wave Analysis for Monday 09/10/2023 (+ Higher TF)

The primary expectation is that wave (4) has finished after a WXY correction. We are in the areas from where we can reverse. We are looking at two scenarios on the lower timeframe. The first scenario identifies a complete structure. In the second scenario, two more swings are missing. A failure of both scenarios on the lower timeframe is an indication of a bearish scenario in the higher timeframe.
Elliott WaveFibonacciNikkei 225 JPN225 CFDJapan 225Support and Resistance

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