$ALT has had 5 consecutive bullish daily candles, gaining a total of +25.64% over that period, and is up +0.55% so far today.
Let's use this figure to talk about consecutive bullish daily candles.
Consecutive candlesticks of the same color mean one side has consistently had the upper hand over those days. On the chart, this indicates a period with a fairly clear direction.
Rushing to buy the dip after consecutive bearish candles, or hastily chasing prices after consecutive bullish candles, are both common mistakes. It's better to first think through what you'll do if your judgment is wrong before taking action.
Indicators can fail, but stop-losses shouldn't be overlooked: deciding in advance what to do if you're wrong is more important than guessing correctly.
#ALT
Just chatting—this is not advice.
Let's use this figure to talk about consecutive bullish daily candles.
Consecutive candlesticks of the same color mean one side has consistently had the upper hand over those days. On the chart, this indicates a period with a fairly clear direction.
Rushing to buy the dip after consecutive bearish candles, or hastily chasing prices after consecutive bullish candles, are both common mistakes. It's better to first think through what you'll do if your judgment is wrong before taking action.
Indicators can fail, but stop-losses shouldn't be overlooked: deciding in advance what to do if you're wrong is more important than guessing correctly.
#ALT
Just chatting—this is not advice.