Technical Note | $PIEVERSE 11 consecutive bullish candles
For consecutive candlesticks moving in the same direction, it’s not just the number of candles that matters—the changing candle bodies matter too: growing bullish candle bodies signal acceleration; increasingly smaller bodies and longer upper shadows indicate weakening buying momentum.
These 11 candles have gained a cumulative +106.47%; today’s candle is currently up +1.79%.
Looking back and comparing the candle bodies and shadows is more useful than just counting the candles.
For consecutive candlesticks moving in the same direction, it’s not just the number of candles that matters—the changing candle bodies matter too: growing bullish candle bodies signal acceleration; increasingly smaller bodies and longer upper shadows indicate weakening buying momentum.
These 11 candles have gained a cumulative +106.47%; today’s candle is currently up +1.79%.
Looking back and comparing the candle bodies and shadows is more useful than just counting the candles.