Reversal in Nikkei looming

Interesting pattern on Nikkei225.

After a mighty impulsive wave 3 up, Nikkei index ended wave 4 in a typical triangle.
While wave 5 is obviously in an ending diagonal, pointing to a major reversal from uptrend to downtrend.
The ending diagonal (or wedge) usually predicts a reversal of trend.

within the ending diagonal, all waves have completed, at currently is at the end of wave e, the final wave in the diagonal.  Potentially, there will be a start of a downtrend from this point onwards.

Compared to other global indices (e.g. S&P500, DAX and Footsie), Nikkei is bearish.
the other indices are still maintaining strong uptrend patterns, in particular S&P500.

Other Asian indices like Singapore index is strong, while Hang Seng Index is haphazard without a particular direction.

So, is funds leaving Asia to US and Europe?

Seems likely.