Nikkei 225 Wave 5 Ending Diagonal Forming | Target 53,800-53,600Japan 225 CFDWHSELFINVEST:JAPAN225CFDLIVERMORE333Nikkei225 Good morning! Crude oil remains stubbornly high, doesn't it? I believe the market is starting to price in the current war (Iran-related military conflict in the Middle East) as a medium-to-long-term ongoing situation with high probability. From the Feb 26 high, the impulse pattern has become quite dominant. We are currently in a descending impulse wave 5, with wave 5 forming an Ending Diagonal. First, it should touch the end of wave 1 at 55,153, followed by the near-term target of 53,800–53,600. Invalidation level: 55,852 (end of diagonal wave 2) #Nikkei225 #ElliottWave