Nikkei 225 Wave Analysis – 23 April 2026

Nikkei 225: ⬇️ Sell

– Nikkei 225 reversed from resistance level 60000.00

– Likely to fall to support level 56645.00

Nikkei 225 index recently reversed down from the resistance zone between the key round resistance level 60000.00 (which stopped wave 1 in February) and the upper daily Bollinger Band.

The downward reversal from this resistance zone stopped the previous sharp minor impulse wave 3.

Given the strength of the resistance level 60000.00 and the overbought daily Stochastic, Nikkei 225 index can be expected to fall to the next support level 56645.00.