$DOOD Five consecutive bearish daily candles, down a cumulative 42.65% over the period; up 29.56% so far today.
Folks, what do consecutive down days tell us? Here’s the short version 👇
The cumulative change over the period is measured from the opening price of the first candle in the streak to the closing price of the latest one. It reflects momentum better than the number of days does.
After a run of candles moving in the same direction, prices have often moved some distance away from the short-term moving average, so a pullback toward it is not unusual.
Don’t chase a trade during the most volatile moment. Wait for the candle to close before assessing it.
Folks, what do consecutive down days tell us? Here’s the short version 👇
The cumulative change over the period is measured from the opening price of the first candle in the streak to the closing price of the latest one. It reflects momentum better than the number of days does.
After a run of candles moving in the same direction, prices have often moved some distance away from the short-term moving average, so a pullback toward it is not unusual.
Don’t chase a trade during the most volatile moment. Wait for the candle to close before assessing it.