📢 $QNT Daily prices have fallen for 7 days in a row 🥶
Take a moment to understand consecutive bullish and bearish candles before jumping to conclusions 👇
The number of consecutive days tells you nothing about whether tomorrow’s candle will be bullish or bearish. Thinking that after so many days, the market must be due to reverse is a common misconception.
After a run of candles moving in the same direction, prices have often moved well away from the short-term moving average, so a pullback toward the average is not unusual.
The same reading can mean very different things in different market conditions, so don’t apply a single rule blindly.
#QNT
Take a moment to understand consecutive bullish and bearish candles before jumping to conclusions 👇
The number of consecutive days tells you nothing about whether tomorrow’s candle will be bullish or bearish. Thinking that after so many days, the market must be due to reverse is a common misconception.
After a run of candles moving in the same direction, prices have often moved well away from the short-term moving average, so a pullback toward the average is not unusual.
The same reading can mean very different things in different market conditions, so don’t apply a single rule blindly.
#QNT