Nikkei Drops 3% -- Elliott Waves Are There to Catch It
On Monday, June 21, Japanese stocks fell 3%.
by Editorial Staff
Updated: June 21, 2021
"Can I apply Elliott wave analysis to [insert market name]?"
We often get asked if Elliott waves also work in non-U.S. markets. The answer begins by understanding just what Elliott wave patterns are.
The reason wave patterns exist is because the collective psychology of market players moves from optimism to pessimism (and back again) not randomly but in a predictable way.
That's why you'll see wave patterns in any liquid market -- a new one (like Bitcoin or Dogecoin) or an established one, like the Nikkei 225.
Case in point: Let's look at the Nikke's 3% drop on Monday, June 21.
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