Technical note｜$ENA ｜5 consecutive bearish daily candles｜cumulative -24.94%
Definition: The number of consecutive bullish candles is not, by itself, a basis for trading decisions. Many people pay closer attention to whether trading volume is increasing or shrinking across this run of candlesticks.
A further note on interpretation: When trading volume gradually rises over a series of consecutive candles, it is often seen as a sign that more participants are continuing to follow the move; when volume keeps shrinking, it is often seen as a sign that buying interest is weakening.
All indicators summarize price movements that have already happened, and the market can absolutely move in the opposite direction.
Just sharing some thoughts—whether you make or lose money, you have to bear the consequences yourself.
Definition: The number of consecutive bullish candles is not, by itself, a basis for trading decisions. Many people pay closer attention to whether trading volume is increasing or shrinking across this run of candlesticks.
A further note on interpretation: When trading volume gradually rises over a series of consecutive candles, it is often seen as a sign that more participants are continuing to follow the move; when volume keeps shrinking, it is often seen as a sign that buying interest is weakening.
All indicators summarize price movements that have already happened, and the market can absolutely move in the opposite direction.
Just sharing some thoughts—whether you make or lose money, you have to bear the consequences yourself.