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Tonight's forecast ① 🧐🤔

According to the Elliott wave theory, it is expected that there is a high possibility of an oversold bounce tonight.
The 23.6% Fibonacci retracement from 141.60 is at 102.7, which is suitable as a target for the bounce, and 103.64 also holds the potential as a target for the bounce.
There is a possibility of a bounce between 102.7 and 103.64.
今夜の予想①🧐🤔
From a macroeconomic perspective, I feel that in recent weeks, N has been driven more by fundamental factors rather than technical factors.Last month, there was a significant sell-off due to concerns about the yen/dollar exchange rate and the Federal Reserve.Looking at the Asian market today, the Nikkei has again experienced a significant decline, and financial stocks such as banks and insurance companies have also declined. Mining and coal products are also being sold due to the decline in oil prices.
Is it reacting to NVDA like it did last month?Currently, the crude oil price is also falling sharply, and from the perspective of macroeconomics, it is expected that further selling will continue in the future.
The most powerful trigger for the decline of N is the realization that AI is far from refreshing the world economy, and there are opinions that it is difficult to justify the huge valuation, as well as the view that AI spending will not be justified unless there is an increase in demand for AI services from non-technology companies. Some also view that it will take "patience" and a "process of not quarters but years" for AI to leap forward.
However, given the recent decline, it is expected that there is a high probability of an oversold bounce occurring tonight.
I will make a forecast post at 21:30 after observing the pre tonight.See you later
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  • codeOZ(家長) : I hope it goes up a little more before falling, but it's not going well. There is a possibility that it could recover with a big rebound in employment statistics, but it's a terrifying trap where prices go down and leverage increases every time it fluctuates. I want a 20% return, but it's scary.[undefined].

  • ピンハネ OP codeOZ(家長) : Hello, the nightmare of N's comeback is tough with 3 times leverage.[undefined]Even if it recovers in employment statistics, I expect that unless N rises to 130 or more, there is still a possibility of falling below 100, so there may be even more terrifying traps waiting in October.[undefined][undefined][undefined]

  • codeOZ(家長) ピンハネ OP : Should I give up and buy S or wait until USD/JPY falls below 144 yen? The opportunity is slipping away.[undefined].

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