Technical Notes｜$WLD 5 consecutive inside downtrend
For consecutive same-direction K-lines, what’s worth watching isn’t just the number of candles, but also changes in the real bodies: the real body of the bearish candle getting larger indicates panic is worsening; if it gets smaller and the lower shadow gets longer, it means selling pressure is weakening and buyers are starting to absorb near the lows.
These 5 candles in total are -19.76%. Today’s candle is currently up +1.23% (right now it’s a bullish candle).
Take some time to compare the real bodies and shadows of these candles—this is more useful than merely counting the number of candles.
#WLD
Not a recommendation—please make your own decisions regarding any trades.
For consecutive same-direction K-lines, what’s worth watching isn’t just the number of candles, but also changes in the real bodies: the real body of the bearish candle getting larger indicates panic is worsening; if it gets smaller and the lower shadow gets longer, it means selling pressure is weakening and buyers are starting to absorb near the lows.
These 5 candles in total are -19.76%. Today’s candle is currently up +1.23% (right now it’s a bullish candle).
Take some time to compare the real bodies and shadows of these candles—this is more useful than merely counting the number of candles.
#WLD
Not a recommendation—please make your own decisions regarding any trades.