On the daily chart of Nikkei index, the strong impulse wave 1 has corrected with a triangle at first (corrective wave W), then a zig-zag wave X, and completed with triangular wave Y.
Currently, the index has just broken the triangle and surges up, continuing the previous wave 1 up, making this impulse wave 3 possibly as strong if not stronger than wave 1 - close to a whooping 7000 points.
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