Market Notes｜$JCT ｜7 consecutive bearish daily candles｜Cumulative: -46.22%
Definition: Consecutive bullish or bearish candles only record the direction of a run of candlesticks; they don’t take the size of each candle’s body into account. A few small bullish candles and a few large bullish candles differ greatly in strength.
A note on interpretation: Consecutive candles of the same color can also appear in a sideways range. If several daily candles have very small price moves, their colors may match even though the overall price change is modest. In such cases, consecutive bullish or bearish candles have limited value as a reference.
Don’t place orders during the most volatile few minutes. Wait for the candle to close before taking a look.
#JCT
Definition: Consecutive bullish or bearish candles only record the direction of a run of candlesticks; they don’t take the size of each candle’s body into account. A few small bullish candles and a few large bullish candles differ greatly in strength.
A note on interpretation: Consecutive candles of the same color can also appear in a sideways range. If several daily candles have very small price moves, their colors may match even though the overall price change is modest. In such cases, consecutive bullish or bearish candles have limited value as a reference.
Don’t place orders during the most volatile few minutes. Wait for the candle to close before taking a look.
#JCT