Patrons more likely to help Nikkei Futures pullback, eyeing 72,870 extension [Video]

Nikkei Futures (NKD) continues to display outstanding energy because it extends into new all‑time highs, reinforcing the bullish sequence that started from the March 23, 2026 low. This upward momentum favors further good points within the close to time period. From the March 23 low, wave 1 concluded at 63,880, adopted by a corrective pullback in wave 2 that ended at 59,352. The inner subdivision of wave 2 unfolded as a zigzag, a standard corrective construction, earlier than the Index resumed larger. The decisive break above the wave 1 peak confirmed that wave 3 had begun, signaling continuation of the impulsive advance.

From wave 2, the preliminary leg wave (i) ended at 62,075, whereas the next pullback in wave (ii) discovered help at 61,040. The rally prolonged additional, with wave (iii) reaching 65,695, earlier than a modest dip in wave (iv) concluded at 64,650. The ultimate leg, wave (v), superior to 66,520, finishing wave ((i)) of a better diploma. At current, a corrective section in wave ((ii)) is unfolding, designed to retrace the cycle from the Could 20, 2026 low. This correction is predicted to offer a wholesome consolidation earlier than the broader rally resumes.

Within the close to time period, so long as the pivotal help at 59,352 stays intact, the pullback ought to in the end discover help inside the typical 3, 7, or 11 swing sequence. Consequently, the broader outlook continues to favor additional upside as soon as the present consolidation completes, sustaining the bullish trajectory established since March.

Nikkei Futures 60-minute Elliott Wave chart

Nikkei Futures Elliott Wave [Video]