The Nikkei Average extended its decline on the 14th, with the candlestick closing lower. The lower shadow extended below ¥63,000, as intraday trading saw successive lower lows.
The Nikkei Average extended its decline on the 14th, forming a bearish candlestick. The intraday high repeatedly fluctuated, while the low approached below ¥63,000.
The 5-day, 25-day and 75-day moving averages were all above the index and trending lower at the close, making the downtrend increasingly clear.
In the Ichimoku Cloud, the lower boundary of the cloud and the lagging span point to a bearish configuration, raising the hurdle for its resolution and highlighting the need to remain alert to the risk of a prolonged correction.