Nikkei 225 Approaches Elliott Wave Cycle End, Potential Final Leg Higher Before Pullback

Elliott Wave analysis indicates Nikkei Futures (Japan 225) are nearing the end of an impulsive cycle from the March 30, 2026 low, with waves peaking at 63,400–63,850 and scope for a final wave ((v)) higher as long as above key support at 58,651, followed by a larger corrective pullback. This updates earlier warnings of minor exhaustion after the index's intraday record high of 63,788 on May 11, driven by tech gains like SoftBank +58%, amid bearish Head & Shoulders, hourly RSI divergence, and risks below the 64,145 pivot toward supports at 61,945/61,180. Traders eye 58,651 and 63,400–63,850 for signals.