Nikkei (NKD) Faces Further Decline According to Elliott Wave Analysis
Friday, 2 August 2024, 06:50
Nikkei (NKD) Intraday Bearish Movement
According to the short-term Elliott Wave analysis, the Nikkei Index (NKD) is currently exhibiting an incomplete bearish sequence.
Current Market Analysis
This analysis suggests that the index may continue to decline following the high recorded on July 10, 2024.
Key Points
- The analysis highlights a bearish trend.
- Traders should be cautious of further downside risks.
- Market movements are influenced by recent highs and market patterns.
Conclusion
In conclusion, the outlook for the Nikkei (NKD) suggests a potential ongoing decline. Investors should stay informed and alert to market changes.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.