Indicator Notes | $SOXLB | 5 consecutive bullish daily candlesticks | Cumulative +24.96%
First, a definition: A bullish candlestick is one where the closing price is higher than the opening price; a bearish candlestick is one where the closing price is lower than the opening price. Consecutive bullish candles means bullish candles have formed for several days in a row.
How to read it: A reversal candlestick after a run of consecutive bullish or bearish candles does not necessarily mean the trend has ended; in many cases, it is simply a correction.
Don’t let a single number disrupt your original plan, and don’t gamble on a particular prediction with borrowed money.
Just my personal opinion, not investment advice.
First, a definition: A bullish candlestick is one where the closing price is higher than the opening price; a bearish candlestick is one where the closing price is lower than the opening price. Consecutive bullish candles means bullish candles have formed for several days in a row.
How to read it: A reversal candlestick after a run of consecutive bullish or bearish candles does not necessarily mean the trend has ended; in many cases, it is simply a correction.
Don’t let a single number disrupt your original plan, and don’t gamble on a particular prediction with borrowed money.
Just my personal opinion, not investment advice.
