Nikkei225 Wave 2: Flat (B) Done → Target 55,747Japan 225 CFDWHSELFINVEST:JAPAN225CFDLIVERMORE333Nikkei225 (JAPAN225CFD) Updated the wave count after last night's US indices move. From the Feb 26 high (60,050) to the Mar 9 low (51,174), a clean downward Impulse has completed perfectly. I'm counting this as major Wave 1. Currently, Wave 2 correction is in progress. In detail, it's forming a Flat correction structure. (Now shifting from completed flat (B) to upward Wave (C)) Note: There may still be some wiggling around the yellow circle near 51,000 on Monday open, but I expect an immediate rebound after that. Near-term focus: How far will the retracement go? Main target: Around the end of flat Wave (A) at 55,747. Additionally, the Fib 0.382 (around 54,400) ~ 0.618 (around 56,600) zone is also key. If it extends further, up to 0.786 (around 58,100) is in play. Bigger picture: Once Wave 2 completes, expect continuation lower in Waves 3-4-5. Invalidation only above 59,381. My current position is short with a long hedge. Depending on next week's price action, I plan to either: ① Add to longs while staying hedged, or ② Take profit on the short side. #Nikkei225 #Nikkei #ElliottWave #TradingView