Nikkei 225 Anticipated Happened

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 Nikkei 225 daily chart


Analysis

From the above chart, as expected prices completed the diamond pattern and has started moving higher. I had predicted this rise in the month of January 9th and covered it in the report as well. You can view the excerpt from the report by clicking on the link


As per wave theory, prices completed Neo wave diametric pattern and has started fresh leg on the upside which is impulse in nature but on higher degree it will be a zigzag where it will complete wave a followed by wave b and then wave c higher. In ongoing wave a, there are five legs where wave 5 is in motion which can go above 28000 in near term.

The summation is Nikkei 225 is set to move higher as expected and can move above 28000 levels over short term.

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