Technical note | $STRK | 5 consecutive down days | cumulative -33.96%
Definition: The number of consecutive down days alone is not a basis for buying or selling. Many people focus more on whether trading volume is increasing or decreasing throughout this series of candlesticks.
Common interpretation: After a run of candlesticks moving in the same direction, prices have often already moved well away from the short-term moving average. A pullback toward the moving average is not uncommon.
Indicators may be inaccurate, but stop-losses shouldn’t be skipped: Deciding in advance what to do if your judgment is wrong is more important than guessing correctly.
#STRK
Definition: The number of consecutive down days alone is not a basis for buying or selling. Many people focus more on whether trading volume is increasing or decreasing throughout this series of candlesticks.
Common interpretation: After a run of candlesticks moving in the same direction, prices have often already moved well away from the short-term moving average. A pullback toward the moving average is not uncommon.
Indicators may be inaccurate, but stop-losses shouldn’t be skipped: Deciding in advance what to do if your judgment is wrong is more important than guessing correctly.
#STRK