Topix (And Nikkei Dow)

Continuation patterns continue to develop in the Japanese stock market indexes. The Topix Index traded in Osaka (TSE) displays a 12-week continuation rectangle (Mar 2 was an out-of-line movement).

While the measured target in Topix is 1633, a swing target of 1775 is possible.

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The Nikkei Dow also displays a triangular consolidation.

(Click on image to enlarge)

Factor is currently flat – However I am willing to take a shot at the Topix. While the measured target in Topix is 1633, a swing target of 1775 is possible.