🐋 $AKE : 7 consecutive daily losses, down a cumulative 89.12% over that period, and down 0.16% so far today.
Several days in a row moving in the same direction means one side has been consistently in control—but the longer the streak, the more important it is to think about trading volume.
A long streak doesn’t mean tomorrow’s candle will be bullish or bearish. Thinking that after such a long run it must be time for a reversal is a common misconception.
Learning to read indicators is easy; the hard part is sticking to your rules when the market gets extreme.
Do your homework before placing a trade.
Several days in a row moving in the same direction means one side has been consistently in control—but the longer the streak, the more important it is to think about trading volume.
A long streak doesn’t mean tomorrow’s candle will be bullish or bearish. Thinking that after such a long run it must be time for a reversal is a common misconception.
Learning to read indicators is easy; the hard part is sticking to your rules when the market gets extreme.
Do your homework before placing a trade.
