Indicator Notes | $DOGE | 5 consecutive bearish daily candles | Cumulative: -18.08%
First, a definition: consecutive bullish or bearish candles simply count how many K-lines point in the same direction; they don’t reflect the size of each candle’s body. A few small bullish candles and a few large ones carry very different weight.
How to read it: More than the number of days, it’s usually more useful to see whether each candle’s body is getting larger or smaller. Bodies that shrink day by day are often seen as a sign of weakening momentum.
If you’re using leverage, keep enough margin in your position—don’t let a single wick spike knock you out.
First, a definition: consecutive bullish or bearish candles simply count how many K-lines point in the same direction; they don’t reflect the size of each candle’s body. A few small bullish candles and a few large ones carry very different weight.
How to read it: More than the number of days, it’s usually more useful to see whether each candle’s body is getting larger or smaller. Bodies that shrink day by day are often seen as a sign of weakening momentum.
If you’re using leverage, keep enough margin in your position—don’t let a single wick spike knock you out.
