The Japan index has been in a super-cycle corrective pattern since the beginning of 1990 and it is currently finishing primary wave A of a possible triangle pattern . If the end of wave a is confirmed, prices will move up in a counter-trend path, before continue downwards in wave C.
Note
We changed or wave count due to the last move down in the index from Feb 2020. Primary wave C from cycle wave 2 is under way in its last intermediate wave 5 leg. When the move is complete, a cycle wave 2 will complete and prices will enter a long term trend up in cycle wave 3 up.Note
Note
We changed the wave count, but maintained the forecast, see the newer post at 
Trade closed: target reached
Prices achieved 15% of gains in 8 days since post
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.