$ENA has fallen for 5 consecutive days (5 bearish daily candles), with a decline of 24.94% over the period.
It’s important to distinguish two things: consecutive down days reflect one-sided pressure that has already occurred; they don’t indicate which way the next candle will go. The longer the losing streak, the more bargain hunters it attracts, so a rebound will come sooner or later—but nobody can say exactly when. Rather than guessing when the trend will turn, it’s better to decide on your stop-loss rules first.
(Up +3.21% so far today.)
It’s important to distinguish two things: consecutive down days reflect one-sided pressure that has already occurred; they don’t indicate which way the next candle will go. The longer the losing streak, the more bargain hunters it attracts, so a rebound will come sooner or later—but nobody can say exactly when. Rather than guessing when the trend will turn, it’s better to decide on your stop-loss rules first.
(Up +3.21% so far today.)
