Price continues to move sideways on the Daily chart as the Nikkei failed to resume the corrective phase. The rebound invalidated the breakdown from the symmetrical triangle and now is expected to reach and retest the 38.2% retracement level and the third warning line (WL3). A valid breakout above the WL3 will confirm a further increase in the upcoming weeks, while only a valid breakdown below the wl1 will signal a major drop.
