6/8/2020
Panasonic Corp (6752 - Tokyo) - Impulse wave pattern
Panasonic Corp (6752 - Tokyo) is in 5th subwave of 3rd of 3rd wave up in the cycle, which is further subdividing. In weekly time frame, from 2013 it has completed A impulse and B complex wave correction down side. Now probably C (or new corrective cycle) wave started moving up, which is at least 3 wave up move from here.
6/6/2020
JP225 (Nikkei - Tokyo) - Impulse wave pattern
JP225 (Nikkei - Tokyo) is in impulse wave C up in ABC zigzag pattern from major low. It is moving up in 5th internal of 3 minor wave of 3rd , which is about to finish (if further not extend). If price fall below internal wave 4 low, means that wave is over and call for next correction of minor degree. In weekly time frame, the current price action has two scenario, one is wave C up and another is corrective X wave up, which will require further price action to confirm. So it is better to trade only ABC wave within smaller time frame.
Hitachi Ltd (6501 - Tokyo) - Updated EW count
Hitachi Ltd (6501 - Tokyo) is in 5th internal of 3rd minor of C wave up, which is about to end (if not extended further). Thereafter 4th wave correction will start, which will give opportunity for small trading. Alternatively it can be major 3rd of C wave, but next correction size will reveal the count. As per previous update, it is in uptrend either corrective or impulse. (Refer update dated 5/25/2020)
Shiseido Co Ltd (4911 - Tokyo) is in C (or 3rd wave up) in 60 min time frame. A wave was leading diagonal followed by B zigzag wave. The up move belongs to C wave, which is subdividing in equal sized move with overlapping structure, possibly like extended move, but must be hold the invalidation level as confirmation. In weekly time frame, its a 5th wave up of C cycle.
Daiichi Sankyo Co Ltd (4568 - Tokyo) - Impulse wave pattern
Daiichi Sankyo Co Ltd (4568 - Tokyo) is in 3rd wave up and its 4th internal wave as ABC correction is under progress, which may take a day or two to complete. Thereafter 5th wave will proceed. This is all time high and huge out-performer to Nikkei.
5/25/2020
Hitachi Ltd (6501 - Tokyo) - C wave up
Hitachi Ltd (6501 - Tokyo) is in Technology stock in Japan, which in WXY pattern in Weekly time frame from 2010 low and currently in Y wave up in ABC sequence. Price is in C wave up, which confirmed when it completes five wave sequence in smaller time frame say 60 min. In 30 min time frame it made A wave up followed by complex B wave. Now C wave up is in progress with 3 wave set up. Within this week the earning will be release after 4 days. 3293 is the level which is currently acting as resistance and once it will broke, price will be rallied so fast towards C up.
5/23/2020
Mitsubishi UFJ Financial Group (8306 - Tokyo) - Updated EW count
Mitsubishi UFJ Financial Group was in 4th wave triangle, which was over. It is in now 5th wave down which is only confirmed when triangle will broken down. This 5th wave is the part of C wave major down in daily time frame as ABC correction down. The better odd for this set up is that it’s under-performer to Nikkei index.
SojitzCorp (2768 - Tokyo) is 5th wave ending diagonal structure and progressing in overlapping wave sequence. It is better for pattern that it under-performed to Nikkei index. It is the part of C wave down in weekly time frame, which probably ends the bigger down trend.
