Nikkei225 15min: Critical Level at 53,821 | Elliott WaveJapan 225 CFDWHSELFINVEST:JAPAN225CFDLIVERMORE333Nikkei225 The pullback from the 05:00 session has been slightly deeper than initially expected. If price breaks below 53,821, we could see a move down to the 53,300 area. That said, the 53,600 zone acted as unusually strong support on March 3rd and 4th, so there’s a solid chance the decline finds a bottom around there. If we hold above 53,821 and break above 54,454, the path of least resistance turns higher. Should it break lower instead, expect a little more downside probing. Either way, a rebound looks probable in the near term. However, because a clear impulse wave has developed from the February 26 high, any rally up to around 56,600 is likely to be corrective in nature — with a more substantial decline expected to follow. This is my current view. #Nikkei225 #ElliottWave