Nikkei 225 1H: Ending Diagonal in Wave 4 (Short Setup)

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Nikkei 225 1H: Ending Diagonal in Wave 4 (Short Setup)Japan 225 CFDWHSELFINVEST:JAPAN225CFDLIVERMORE333Nikkei 225 1-Hour Chart Current structure: The final leg of the larger Wave 2 decline (Double Three w-x-y flat correction), where an Ending Diagonal is forming in Wave 4. With the US-Iran ceasefire talks stalling, I expect next week’s decline to remain inside Wave 4. After that, a Wave 5 rally should complete the diagonal. For the diagonal to be valid, a touch of 54,180 is required. Short target: 54,180–53,800 zone. Once the diagonal completes, expect a retest of the 54,248 high, followed by the start of the major Wave (iii) decline. Significant volatility is likely next week — fast reactions will be key. 【Target】 54,180–53,800 area (Short) 【Invalidation】 ① Strong break above 58,024 → Count change (bullish continuation) ② Strong break below 52,132 → Count change (accelerated decline) #Nikkei225 #ElliottWave