On the Nikkei Stock Average chart, Bloomberg reported on the 6th that a “knock-on” pattern in which a “window” (gap between candlesticks) in the direction of decline appears 3 times in a row has been established, and market participants have indicated the possibility of a shift to an upward market price. Knocking in three skies is one of the patterns of technical analysis “Sakata Five Laws,” which has been used since the Edo period, and is known as a buy sign.
According to Bloomberg, the windows opened on September 21, October 3, and 4 this time, and there are no consecutive business days when the first and second windows were opened. Toshinoda Masayuki, senior market analyst at Rakuten Securities Research Institute, analyzed that it came into the shape of Miku as a result of searching for lower prices rather than panic sales. It is believed that there is a possibility that price range revisions will progress in the short term until the 200-day line level of 30,000 yen split depending on the movement of US stocks, but they are also talking about the possibility that a buying strategy may be effective.
The three-sky slam occurred even on 3 consecutive business days starting 3/10 this year. After that, it hit the bottom (low price 26,632 yen) on the 16th, and while rounding up the lower price, it rose to 6/19 (high price 33,772 yen).
This year's rise was sharp, but...