This chart commentary reviews the previous analysis of weekly Ichimoku Cloud charts and examines the Nikkei Stock Average’s outlook after it avoided a steep plunge, organising the potential for a full-fledged rally toward year-end and the market’s likely movements ahead.
The previous article analysed movements in the Nikkei Stock Average using weekly Ichimoku Cloud charts. This article organises the latest price movements, focusing on whether the market avoided the decline known as a steep plunge.
The article revisits the key points to watch in future price movements and tells readers to assess the market’s direction toward year-end.