Nikkei to hit new ATH and then some? JPN225 poised for new high

The Japanese stock market got a recent boost from Trump / Trade War developments.

Japan is expected to work out a deal (and I think it will happen).

The momentum in the Nikkei is very strong right now.
I am expecting some profit taking soon, then continuation up.

The only question in my mind is: WHICH path to new ATH (All Time High) will it take?
Or maybe I am way off (I know nothing about Japan stocks) but lets see

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And so a retrace is under way.
Still plausible that my target for retrace-to-bounce (grey) will be reached, and the new fibs for possible ABC wave line up nicely. The overall rhythm still looks to be in tact.

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Wow, sudden drop from political news out of Japan.
Perfect ping of t he expected support zone.

But ALAS, I was not expecting such a sudden drop, more like a slow corrective triangle or something.
So I think it will drop lower, but lets see.

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Looking good so far. I have posted another update here

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As anticipated in my follow up post, we have hit resistance lol

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Looking at the original chart in close up, looks like break and retest from above