$BTW ｜7 consecutive bullish daily candles｜Cumulative +71.88%
What do consecutive bullish candles tell us? The number of consecutive bearish candles alone isn’t a basis for buying or selling. Many people pay closer attention to whether trading volume is increasing or decreasing throughout this run of candlesticks.
Rather than the number of days, it’s often more useful to look at whether the candlestick bodies are getting larger or smaller each day: progressively smaller price moves are often seen as a sign of weakening momentum.
Before looking at what the indicators say, first work out whether you can withstand the worst-case outcome of a leveraged position.
#BTW
This is for informational purposes only and does not constitute investment advice.
What do consecutive bullish candles tell us? The number of consecutive bearish candles alone isn’t a basis for buying or selling. Many people pay closer attention to whether trading volume is increasing or decreasing throughout this run of candlesticks.
Rather than the number of days, it’s often more useful to look at whether the candlestick bodies are getting larger or smaller each day: progressively smaller price moves are often seen as a sign of weakening momentum.
Before looking at what the indicators say, first work out whether you can withstand the worst-case outcome of a leveraged position.
#BTW
This is for informational purposes only and does not constitute investment advice.