$TRUTH Five consecutive bullish daily candles, up a cumulative 63.53% over that period, and up 2.51% so far today.
Let's use this figure to talk about consecutive bullish daily candles.
Consecutive bullish or bearish candles only count how many candles in a row are the same color; they don't reflect the size of each candle's body. A few small bullish candles carry far less weight than a few large ones.
Consecutive daily candles of the same color can also occur in a sideways market: several daily candles may all be slightly up or down, yet the cumulative move is small. In that case, a consecutive bullish or bearish streak doesn't mean much.
The same data can mean completely different things in different market conditions, so don't apply a single rule mechanically.
#TRUTH
Let's use this figure to talk about consecutive bullish daily candles.
Consecutive bullish or bearish candles only count how many candles in a row are the same color; they don't reflect the size of each candle's body. A few small bullish candles carry far less weight than a few large ones.
Consecutive daily candles of the same color can also occur in a sideways market: several daily candles may all be slightly up or down, yet the cumulative move is small. In that case, a consecutive bullish or bearish streak doesn't mean much.
The same data can mean completely different things in different market conditions, so don't apply a single rule mechanically.
#TRUTH