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Nikkei 225 Index Wave Analysis

Nikkei 225: ⬆️ Buy

  • Nikkei 225 broke resistance level 64000.00
  • Likely to rise to resistance level 68000.00

Nikkei 225 index recently broke above the resistance level 64000.00 – which stopped the previous impulse wave i at the start of May.

The breakout of the resistance level 64000.00 accelerated the active impulse waves iii and 3.

Given the strong multi-month uptrend, Nasdaq-100 index can be expected to rise to the next resistance level 68000.00 (forecast price for the completion of the active impulse wave 3).

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