Elliott Wave view: Nikkei Futures approaches end of cycle from March 2026 low [Video]

The short‑term Elliott Wave view in Nikkei Futures (NKD) shows the cycle from the March 30, 2026 low unfolding as an impulse. This sequence is now approaching completion. From that low, wave ((i)) advanced to 61,000, followed by a corrective decline in wave ((ii)) that ended at 58,651. The Index then resumed higher in wave ((iii)), which subdivided into a smaller impulsive structure.

From the end of wave ((ii)), wave (i) advanced to 60,025, while wave (ii) corrected to 59,150. The Index rallied in wave (iii) toward 63,400, before a dip in wave (iv) concluded at 62,020. The final leg, wave (v), reached 63,850, completing wave ((iii)) at a higher degree. A subsequent pullback unfolded in wave ((iv)) as a zigzag. Down from wave ((iii)), wave (a) ended at 62,390, wave (b) advanced to 63,285, and wave (c) declined to 61,805. This completed wave ((iv)) at a higher degree.

Near term, as long as price remains above 58,651, the Index retains scope to extend higher and complete wave ((v)). That move would also finalize the cycle from the March 30 low. Once this sequence concludes, a larger degree pullback should correct the entire cycle. Such a correction will serve as consolidation, balancing prior gains and preparing the structure for the next bullish advance.

Nikkei Futures 60-minute Elliott Wave chart

Nikkei Futures Elliott Wave [Video]