Despite selling pressure leading the market, the Nikkei 225 formed consecutive bullish candlesticks and limited the decline. From a technical-analysis perspective, attention is focused on whether this movement will lead to further developments.
Although selling pressure has prevailed at times, the Nikkei 225 has not completely avoided declines, and prices have continued to move with momentum.
However, the market has formed consecutive bullish candlesticks, limiting the extent of the decline. This article focuses on analyzing the short-term trend indicated by this series of bullish candlesticks.