Nikkei 225 (Japan225) Chart Technical Outlook holds within a corrective channel.
Completed a bullish Elliott Wave count on the weekly chart close to 33,854. We are now assessed as being in the corrective wave to the downside.
The daily chart highlights a lack of clear direction. We are holding within a mildly corrective channel formation. Trend line support is located at 31,346. Trendline resistance is located at 33,326. The relative strength index is trading close to 50 highlighting the lack of trend.
