$QNT : Five consecutive bearish daily candles, down a cumulative 17.35% over the period, and down 0.9% so far today.
Let’s use this figure to break down consecutive bearish daily candles.
A bullish candle is one where the closing price is higher than the opening price, while a bearish candle is one where the closing price is lower than the opening price. Consecutive bullish candles mean several days in a row closing with bullish candles.
More important than the number of days is often whether each candle’s body is getting larger or smaller: progressively smaller gains or losses are often seen as a sign of weakening momentum.
Any indicator only describes what has already happened in the market; the market can turn in the opposite direction at any time.
#QNT
Let’s use this figure to break down consecutive bearish daily candles.
A bullish candle is one where the closing price is higher than the opening price, while a bearish candle is one where the closing price is lower than the opening price. Consecutive bullish candles mean several days in a row closing with bullish candles.
More important than the number of days is often whether each candle’s body is getting larger or smaller: progressively smaller gains or losses are often seen as a sign of weakening momentum.
Any indicator only describes what has already happened in the market; the market can turn in the opposite direction at any time.
#QNT