Nikkei 225 index Wave Analysis 20 September 2024

– Nikkei 225 index rising inside minor impulse waves 3

– Likely to reach resistance level 39000.00

Nikkei 225 index continues to rise inside the minor impulse waves 3, which belong to the intermediate impulse wave (3) from the start of September.

The impulse wave (3) belongs to the primary upward impulse sequence 3 from the start of August.

Given the clear daily uptrend, Nikkei 225 index currency pair can be expected to rise further to the next resistance level 39000.00 – which is the target price for the completion of the active impulse wave 3.