【BTCJPY】 Returning to market level without a clear direction ‍

In the post dated August 18 titled “Continuing three bullish days after forming a lower wick for BTCJPY,” I noted that on the 15th, 16th, and 17th there were three bullish days, and there seemed to be an effort to press toward an important level where the neck line of the previous inverted head and shoulders had extended. In reality, the limit was just slightly above the high of the 17th, and from there a bearish candle formed to expel the gain from the 17th. It has retraced to around 700,000 yen, which is the recent market level. As the stories of the lower wick on the 14th and the upper wick on the 15th suggest, the current direction is difficult to read.